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Question: PROPERTY TAX

Critically analyse the extent to which reform is necessary within the current system of property taxation.

LLB Hons., 3rd Year
Mark – 74%

Answer: The main aim of this coursework is to afford a critical review of taxes affecting property in the United Kingdom (UK) and to present alternatives if any for reformation. The essay will take you through the limitations of the existing UK property tax system and cover areas such as Income Tax, Capital Gains Tax, and Inheritance Tax for UK residents. Towards the end of this assignment it will be clear that the United Kingdom did succumb to the financial crisis in the year 2008. Also, the unpopularity of the existing tax system is highlighted and is said to be unreasonable or unproductive or both. With recovery not forthcoming in the subsequent years the Government has found itself in a rather precarious position of trying to reduce the deficit whist not cutting public spending. It is har......(short extract)

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Details: - Mark: 74% | Course: Commercial Law | Year: 2nd/3rd | Words: 2742 | References: Yes | Date written: March, 2013 | Date submitted: November 04, 2014 | Coursework ID: 884

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