Proportional Property Tax London: Direction Is Clear
A new report claims London homeowners collectively underpay £3.1 billion a year under a council tax system still pegged to 1991 values — reviving the case for a proportional property tax in London. Labour MPs are simultaneously moving to close a loophole that cut one billionaire’s bill by £18 million. And yet international capital keeps backing London: Gulf and Indian investors are buying prime property in bulk, high-value mortgage lending is rising as wealthy buyers use debt as a planning tool, and 4,629 completed new builds sit unsold. Tax pressure at home. Capital pull from abroad. Scarcity, not sentiment, sets prime London values.
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