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The UK also has a Stamp Duty tax when property is purchased. https://en.wikipedia.org/wiki/Stamp_duty_in_the_United_Kingdom#Stamp_Duty_Land_Tax https://en.wiki

• dozzie 10y ago
  Which is a tax on selling the property, not on merely owning it, and I believe it's the latter we're talking about here.
  • tome 10y ago
    > Which is a tax on selling the property, not on merely owning it FWIW it's a tax on buying, not selling, though I imagine it's much the same thing.
• tome 10y ago
  Stamp duty is a one-off tax in the single digits (or exceptionally, in the very low double digits). This is a 2% tax per year!