This is Money Podcast

Will there really be a new property tax - and how would it work?

Aug 22, 2025
Dive into the intriguing proposals for property tax reforms, from potential annual taxes to capital gains tweaks. Discover the Treasury's rejection of a seller tax and the implications for homeowners. Caution is raised over sophisticated investment scams leveraging deepfakes. Plus, learn about the sneaky tricks behind airport currency exchanges that can cost you. Lastly, enjoy a lighthearted look at tipping etiquette abroad, sharing personal stories that highlight the cultural challenges travelers face.
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INSIGHT

Stamp Duty Could Become An Annual Charge

  • Proposals include replacing one-off stamp duty with an annual property tax based on house value and folding in council tax into a single yearly charge.
  • Annual levies reduce upfront buying costs but could leave many owners paying more over time depending on valuation and uprating rules.
ADVICE

Compare Upfront Costs With Long-Term Bills

  • Do consider long-term costs when comparing upfront stamp duty with a proposed annual property tax on your home value.
  • Model timelines like 15–20 years to see whether an annual charge would be cheaper than a one-off fee for your price band.
INSIGHT

Regional Winners And Losers Could Shift

  • A combined annual property tax would hit higher-value homes disproportionately, with examples showing steep yearly bills for £1.5m+ properties.
  • Council tax anomalies mean replacement with a value-based local tax would shift burdens between regions and wealth bands.
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