UK property taxes among highest in the world
Series: RICS Corporate Occupiers Group News ; 5 September 2002 (1)Publication details: 2002Subject(s): Summary: New figures from the Organisation for Economic Co-operation and Development (OECD) claim that government is earning £40bn annually from British property taxes. Annual tax revenue from the UK property industry provides as much as 4% of the national income, higher than in France, Germany, Italy and the US. Only Luxembourg taxes the sector as highly. The taxation is double the EU average for property taxation, which is currently 2%. OECD website http://www.oecd.org| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB3832-19 (Browse shelf(Opens below)) | 1 | Available | 119577-1001 |
New figures from the Organisation for Economic Co-operation and Development (OECD) claim that government is earning £40bn annually from British property taxes. Annual tax revenue from the UK property industry provides as much as 4% of the national income, higher than in France, Germany, Italy and the US. Only Luxembourg taxes the sector as highly. The taxation is double the EU average for property taxation, which is currently 2%. OECD website http://www.oecd.org