How would a ‘Garden Tax’ from Labour effect the Property Market?

Goodness knows what somebody studying the history of UK politics in one hundred years time ever make out what crazy times we had following the 2016 UK Referendum and the vote to leave the EU, and adding to the index of headlines is Labour with their plans to encourage taxation on gardens.

Now, for the ordinary folk, those of us with the simple house we live in and a garden, be it a patio area just big enough for a few potted plants and a BBQ or some splendid landscaped botanical paradise of a few acres, why should we be taxed? Now, if it was an increased taxation on those holding on to land for investment reasons then yes, I get the idea of taxes or increased taxes.

The fears are that this kind of tax will hinder value of property across the UK and even see the likes of landlords having to further dump stock thus increase vacant housing stock and cheapen house prices further – Though cheaper houses prices is a good thing no? House prices across most parts of the UK are cooling off, if not seeing a fall, with many ‘reduced’ listings being seen on the property portals… A no deal Brexit is still very likely or at least the majority of the voting public who voted to leave know that The Brexit Party and Nigel Farage will make thinks happen should the Conservatives continue to delay things. No deal Brexit along with The Brexit Party = Less illegal immigration and possibly exodus of foreign nationals thus relaxing of pressure on UK housing and cooling of the over valued property market we currently have?

Varied newspapers and social media headlines carried this story recently including a feature on the Daily Mail website who lead with titles including ‘FORCE the sale of vacant land on the cheap’.

EAN Breaking News

Breaking News from the team at Estate Agent Networking. Have a new story to share with us? Then please get in contact today! When and where we can we will refer to third party websites with a 'live link back' where news was released first.

You May Also Enjoy

Breaking News

Six UK vineyards where homebuyers avoid the 84% premium

Six affordable UK vineyards where homebuyers avoid the 84% house price premium and toast a better deal The latest research from Yopa has revealed that living close to one of the UK’s top vineyards will set homebuyers back an average of £494,739, 84% more than the current UK average house price. However, there remain a…
Read More
Breaking News

Red tape slashed to revamp high streets with new cafes and bars

Communities and town centres across the UK are set to benefit from a wave of new cafes, bars, music venues and outdoor dining options, as the Government slashes red tape to breathe new life into the high street. Government to overhaul planning and licensing rules to make it quicker and easier for new cafes, bars…
Read More
Breaking News

London’s prime parks command 86% property premium

The latest research from Jefferies London has found that buyers hoping to live within arm’s reach of one of the capital’s royal parks will need to stump up a serious property price premium, with the average price of property around these green spaces coming in 86% higher than the average London house price. Jefferies London…
Read More
Planning disputes on new build land
Breaking News

Padel Boom Sparks 113% Surge in Planning Applications

17,000 UK Sites Ripe for Development New insight from Searchland reveals that planning applications for padel courts surged by more than 113% in 2024, with the upward trend expected to continue throughout 2025. The explosive growth of the sport in the UK has unlocked a wealth of potential for developers and investors, with Searchland estimating…
Read More
Breaking News

Property values rise at 5.3 times the rate of earnings

House prices across Britain rise at 5.3 times the rate of earnings in the last year The latest research from eXp UK has found that the average house price in Great Britain has increased at 5.3 times the rate of average earnings over the past year, highlighting a widening affordability gap for homebuyers. eXp UK…
Read More
Estate Agent Talk

London homes with a patio prove hot property,

The latest research from Benham and Reeves has found that London homes offering a patio have become highly sought after, with 41% of all patio-equipped properties currently listed already snapped up by eager homebuyers. However, potential buyers dreaming of a summer-ready outdoor space might face challenges, as only 8% of properties currently on the market…
Read More