The UK’s raises more from residential property taxation than other advanced economies. But the problem is that our two main taxes on housing – Council Tax and Stamp Duty – are terribly designed, grossly unfair and economically harmful. But while the case for wholesale change is clear, the threat of loud opposition from those who would lose out means that there is little political appetite for major reform. Is there any hope of fixing Britain’s broken taxes on housing? Which households and regions are the main winners and losers from the current system of council tax? How big would the economic gains and fiscal costs be from scrapping stamp duty? Should reform of these two taxes be thought of separately or as a wider package? And what might be the first steps towards fixing our broken taxes on housing in a way that politically deliverable? The Resolution Foundation is hosting an in-person and interactive webinar to debate and answer these questions. Following a presentation of the key highlights from major new RF research, we will hear from leading experts on how we should approach property tax reform. The event will be open for people to physically attend, alongside being broadcast via YouTube and the Resolution Foundation website. Viewers will be able to submit questions to the panel before and during the event via Slido.
