According to City Wire, proposals for some kind of property tax to fill the treasury’s coffers will not die. This is something we looked at before; the bottom line is that there is just too much wealth locked into property. It is ripe for taxation.
The article is worth reading, just to understand the mondset of those in power, and the possibilities they are mulling over.
For more detailed analysis of how property could be taxed more equitably, Mark Wordsworth does a fantastic job of explaining the benefits of a Land Value Tax http://en.wikipedia.org/wiki/Land_value_tax
I am a not sure of the benefits of any individual tax, but the Land Tax does has benefits, and is used in many counties.
However, as anybody that had studied the UK power elite and the hierarchy of their wealth will know, any changes will not come easily.
Since the Norman Invasion of 1066, the vast majority of land in the UK is still owned by the descendants of the lords, earls and barons of William the conqueror.
