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The Independent UK
The Independent UK
Business
Anna Wise

Stamp duty and council tax rates now the highest in the advanced world

United Kingdom RYAN

The UK has the highest property taxes of any advanced economy around the world, new data shows.

The country’s property tax burden – which includes council tax, business rates, and stamp duty – was 3.7 per cent as a proportion of gross domestic product (GDP) in the 2023/24 tax year.

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