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Andy Burnham-backed homes tax could hit London

Industry News
Friday 17th July, 2026 Andy Burnham has backed a proportional property tax replacing council tax and stamp duty, which analysis says would raise about £7.5bn and leave most London households in many boroughs paying more. This gives Rightmove a chance to comment on how a UK proportional property tax would affect London buyers, renters and landlords, and on market impacts across London boroughs.
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Why have we flagged this?

A proposed proportional property tax would materially affect property costs across London boroughs — Rightmove can provide borough-level price and transaction data or customer insight to explain local impacts.

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