On: Who Owns England?

[seanalltogether]

The UK has Stamp Duty (sales tax on buying a property) and Council Tax (taxes paid by occupants of a property for local services).

This system discourages selling/buying property since you pay taxes on the transaction. The whole framework seems to be crafted specifically to reward those who already hold land. It's very similar to the NYC taxi medallion problem.

[koolba → seanalltogether]

So only transfer tax, not holding tax?

If so that sounds terrible.

[dragonwriter → koolba]

As I understand, it's transfer tax (Stamp Duty) and holding tax (Council Tax).