No. 2025-18-A - Potential revenue gains from reforming Council Tax for bands G and H properties

Abstract:

This note complements the ‘Q and A’ dealing with common questions on the property tax proposal initially explained in a brief article in August 2025 in the Financial Times (see my longer article for more detail on the proposal). This note examines the expected tax revenues from implementing my property tax proposal, using a range of possible assumptions. These revenue estimates are compared with estimates of current council tax revenues from band G and H properties.  My complementary policy suggestion of cutting stamp duty to a maximum rate of 5%, but retaining current allowances, is discussed in Question 14 in the accompanying Q & A document (also summarised in the conclusions).