Islay Robinson examines PrimeResi’s industry panel on potential changes to England’s property tax system and the future of SDLT. 

England’s property tax system is back in the spotlight, with prime residential professionals debating whether the balance between transaction-based and ownership-based taxation should shift.

An exclusive PrimeResi industry panel brought together 15 leaders from the prime residential property sector to examine how England’s property tax framework could be redesigned and what alternative approaches could mean for the market.

The survey found that most respondents supported moving some of the tax burden away from property transactions and towards property ownership. However, views were more divided on whether to abolish Stamp Duty Land Tax (SDLT) altogether.

The discussion highlights the complexity of reforming property taxation, particularly in the prime residential market, where transaction values can be substantial, and changes to the tax structure can influence purchasing decisions, ownership costs and market activity.

For high-value property buyers and owners, how taxation is structured can be an important part of wider financial considerations. Any changes to the current system would therefore need to be considered alongside the broader costs and implications of acquiring and holding property.

The PrimeResi panel offers insight into the range of views within the prime residential sector as debate continues over how England’s property tax system could evolve.

Read the full article here: Prime Property Leaders Discuss The Future Of England’s Property Tax System | PrimeResi