UK has highest property taxes in OECD

UK has highest property taxes in OECD

The UK pays higher property taxes than any other country in the developed world; costing over £60B pa, according to the think tank Policy Exchange.

Charges such as stamp duty, council tax, capital gains tax, inheritance tax and business rates are higher in the UK than any of the 33 other members of the Organisation for Economic Co-operation and Development (OECD).

The taxes are worth 4.1% of Britain’s economic output, compared to an average of 1.8% across the OECD. In Germany, it is only 0.9%.

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