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HM Land Registry registers the ownership of property. It is one of the largest property databases in Europe. At the peak of the property boom in 2007, £1 million worth of property was processed every minute in England and Wales. [7]
A row of typical British terraced houses in Manchester. Terraced houses have been popular in the United Kingdom, particularly England and Wales, since the 17th century. They were originally built as desirable properties, such as the townhouses for the nobility around Regent's Park in central London, and the Georgian architecture that defines the World Heritage Site of Bath.
(Otherwise, property owners would be unlikely to pay a large lump sum to redeem a tax which might not be re-imposed in the future.) The scheme was a reasonable success. The annual Land Tax yield was then about £2 million (say £266 million today) and about a quarter was redeemed by the end of 1800, producing just over £9 million (say £918 ...
In 2010, over a third of the UK was owned by 1,200 families descended from aristocracy, and 15,354 km 2 was owned by the top three land owners, the Forestry Commission, National Trust and Defence Estates. [2] The Crown Estate held around 1,448 km 2. English land law is the law of real property in England and Wales.
Domestic real estate represented the largest non-financial asset in the UK, with a net worth of £5.1trillion (2014). [3] Foreign investment plays a substantial role in the UK's real estate market, particularly in London, and foreign companies and individuals invested around £20billion in UK real estate in 2012. [4] [needs update]
The Friend of the People; & his Petty New Tax Gatherer paying John Bull a visit (1806), James Gillray. The history of taxation in the United Kingdom includes the history of all collections by governments under law, in money or in kind, including collections by monarchs and lesser feudal lords, levied on persons or property subject to the government, with the primary purpose of raising revenue.
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