Why a wealth tax is unlikely in the UK

The UK property market is worth £10 trillion—should taxes rise? In this episode, Richard Donnell, Research Director at Zoopla, explains how stamp duty drives government revenue, who actually pays it, and its effect on transactions, especially in London and the South East. We also discuss why wealth taxes have failed elsewhere, the impact on housing liquidity, and why downsizing isn’t always the answer for older homeowners. A must-listen for anyone navigating UK property.