Londoners Are Underpaying Property Taxes, Says Think-Tank

Londoners ‘should pay £3bn more in property tax’

Tax scandal as Londoners underpay £3.1billion to HMRC in 'subsidy paid by rest of England'

Londoners are underpaying £3.1billion to HM Revenue and Customs (HMRC) in property taxes while the rest of England overpays, a damning news study has claimed.The Resolution Foundation is sounding the alarm that homeowners in the capital are paying billions of pounds less than they should relative to their property values while the rest of the country picks up the tab.In the Foundation's "Home Economics" report, analysis has found that council ta…

Londoners are underpaying property taxes, says think-tank

In a new report, the Resolution Foundation claimed Londoners are underpaying council tax by £3.1billion relative to the value of their homes - with the rest of England making up the shortfall.

Are you paying enough council tax? How Londoners could be underpaying property taxes by £3.1bn

Residential property taxes are benefitting the rich and punishing the poor, Resolution Foundation found. The think tank has called for a roadmap for reforms at next month’s budget

Londoners underpaying £3.1bn in property tax, think tank reveals

Londoners are underpaying billions of pounds a year in property tax because council tax remains based on 1991 property valuations, think tank says.

Broken housing taxes mean Londoners are under-paying by £3.1 billion – with the rest of England over-paying in return