96% of UK homeowners thought a proposed 0.5% annual property tax would rise over time, according to research from Boon Brokers.
75% believed retired and working homeowners would be hit hardest.
Among those aged 65 and over, 71% said retired homeowners would suffer most and 66% felt the tax would cause financial strain.
57% were very concerned about future tax increases and 51% reported they would be less likely to buy property if an annual property tax was brought in.
42% described the proposed Stamp Duty changes as unfair.
Gerard Boon, managing director at Boon Brokers, said: “Introducing an annual property tax risks undermining the natural fluidity of the housing market.
“Rather than encouraging people to move for work, family, or space, it could trap households in properties that no longer meet their needs, which seems counterintuitive to the broader goals of a healthy housing market.”
