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Should property taxes fall when the UK leaves the EU?

  • Thread starter PostBrexitInvestor
  • Start date
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PostBrexitInvestor

Member
On the surface the UK government has been responsible for an array of tax increases which have hit the UK property market. However, we often hear about the exaggerated cost of EU membership, so, when the UK leaves the European Union is their scope to reduce investment taxes across the board? Surely this would make the UK more competitive on the world stage?
 
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realdeals

Active Member
It will certainly be a test of the so-called "red tape" which is often associated with EU policies. Various promises were made during the referendum campaign, we will need to see savings from somewhere?
 
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lookinginvest

Member
When you bear in mind the billions of pounds the UK pours into the European Union there must be scope some savings in all areas of investment? I read the recent article showing the UK has the highest property taxes in the developed world which certainly leaves room for reductions in the future. Will the government be brave enough?
 
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realdeals

Active Member
There is certainly scope for reducing property taxes to encourage further investment upon leaving the European Union, but how would this affect the short term government budget? It is disappointing to see the UK property tax trend going in the opposite direction to European partners but not wholly surprising. In theory property taxes should fall in the short, medium and longer term but whether they will or not remains to be seen.
 
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Longterminvestor

Administrator
Does anybody really believe the UK government will reduce property taxes in the short to medium term? In the eyes of the general public these relatively high “property taxes” are seen as acceptable so why would the government decide to give money away? Also, bear in mind that governments around the world are still struggling to balance their books. Do not expect any giveaways in the short to medium term!
 
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