Housing & Property Tax Reform
Fairer, simpler, transparent.
Together Britain Collective believes housing should be fair, affordable, and sustainable. We're overhauling council tax and stamp duty so that everyone pays a fair share, and first-time buyers can step onto the property ladder.
1. Council Tax Replacement – "Property Value Contribution"
Policy: Replace traditional council tax with a 0.25% annual tax on property value starting in 2026.
How it works
Every household pays 0.25% of the property's market value annually.
Example costs
| Property value | Annual tax (0.25%) |
|---|---|
| £150,000 home | £375/year |
| £300,000 home | £750/year |
| £500,000 home | £1,250/year |
Benefits
- Fully transparent and proportionate to property value
- Removes outdated banding system that disproportionately affects low-value homes in high-cost areas
- Funds local services like education, transport, health hubs, and community projects
Impact: Everyone contributes fairly according to the real value of their property, making local taxation easier to understand and more equitable.
2. Stamp Duty Overhaul – First-Time Buyer Fairness
Policy: Make stamp duty progressive, with relief for first-time buyers, while keeping revenue neutral.
Current challenge: First-time buyers often pay high upfront taxes, pricing them out of the market.
Proposed reform
- £0–£300,000: First-time buyers pay 0%
- £300,001–£500,000: First-time buyers pay 2%
- Above £500,000: Standard progressive rates apply
- Non-first-time buyers: Progressive rates start at 3% above £250,000, increasing to 7.5% for luxury properties
Example costs for first-time buyers
| Property price | Stamp duty |
|---|---|
| £250,000 home | £0 |
| £400,000 home | £2,000 (2% on portion above £300k) |
| £600,000 home | £10,000 |
Impact
- Makes homeownership accessible for first-time buyers
- Ensures higher-value purchases contribute proportionally
- Supports local housing market stability and fairness
3. Funding & Revenue Implications
| Policy | Estimated Revenue | Notes |
|---|---|---|
| 0.25% Property Value Tax | £20–25 billion/year | Replaces council tax; funds local services directly proportional to property value |
| Stamp Duty Reform | £10–12 billion/year | Progressive and fairer; first-time buyer relief funded by higher rates on larger or secondary properties |
Combined, these reforms fund local councils and services while reducing unfair burdens on first-time buyers and low-value households.
4. Core Principles
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Transparency
Everyone knows exactly what they are paying.
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Fairness
Tax proportional to property value; first-time buyers protected.
-
Affordability
Removes hidden or outdated banding systems.
-
Sustainability
Funds community infrastructure, schools, and health programs reliably.