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Resolution Foundation proposes surcharge on empties and second homes

The 23rd report from the Intergenerational Commission, entitled A New Generational Contract, includes surcharges on second and empty homes as part of its 10 main policy recommendations.

Recommendation number 6 reads:

Replace council tax with a progressive property tax with surcharges on second and empty properties; halve stamp duty rates to encourage moving; and offer a time-limited capital gains tax cut to incentivise o of additional properties to sell to rst-time buyers.