Submitted by Andrew Chandler on Saturday 23rd November 2024
Published on Monday 30th December 2024
Current status: Open
Open until: Monday 30th June 2025
Current Signatures: 55
(count is updated approximately hourly)
Relevant Departments
Tagged with
commission ~ Generate ~ Government ~ Inheritance ~ Inheritance Tax ~ inheritance tax changes ~ Offered ~ property ~ sustainability ~ Tax ~ tax burden ~ tax changes ~ work
A commission to investigate the feasibility & introduction of a Land Value Tax
In light of the recent Inheritance Tax changes, we call on the government to establish a commission to investigate the feasibility & implementation of a Land Value Tax (LVT) as a replacement for property taxes. We believe this could reduce the tax burden on people's work on their property.
We believe a Land Value Tax, based on the unimproved value of land rather than property or income, may offer a fairer, more efficient, and sustainable way to generate public revenue. Unlike property taxes, which we think penalize homeowners for improving their properties, a LVT could incentivize the productive use of land while potentially discouraging land speculation and underutilization.
If you want to sign this petition (as opposed to merely discuss it), you need to do that on the government's e-Petitions website.
3.144.28.90 Fri, 03 Jan 2025 01:36:21 +0000
