"LONDON — The U.K. government's decision to raise the stamp duty land-tax threshold to £250,000 (about $372,000) will benefit around 350,000 first-time buyers by the end of this year, and the potential reduction in revenue should be eased by the introduction of a higher rate for properties costing more than £1 million."
"The land-tax, supposed to be assessed only once a year, was sometimes collected two or three times."
"I suspect that the two great debates in a land-tax system will be how to split the revenues and which programs should be funded or subsidized from general revenues and which should be funded by user fees."