16:38 PM, 21st May 2012, About 9 years ago 1
Property taxes in the UK are the highest in Europe, according to the latest figures issued by the European Union.
The latest figures are for 2010, and show revenue flowing in to government coffers from property taxes varies widely across the continent.
In the Czech Republic, Estonia and Slovakia, property tax was 0.4% of GDP – rising to 4.2% in the United Kingdom, 3.4% in France and 3.1% in Belgium.
The UK had the highest revenues from recurrent taxes as a proportion of GDP (3.4%), followed by France (2.3%) and Denmark (1.4%). Recurrent taxes would include council tax.
Transaction taxes, like stamp duty, were highest in Belgium (1.8%), Italy (1.3%) and Spain (1.2%).
The table compares property taxes across all EU countries:
|Property tax revenue as % of GDP||% GDP in 2010 from:||Revenue, million €|
|2000||2009||2010||Recurrent taxes||Transaction taxes|
Source: Eurostat May 2012
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.
Previous ArticleProperty118 Landlords Newsletter – Issue 115
Next ArticleLondon buy to let rents 78% higher than rest of UK