<P> In the UK the ownership of residential property or land is not taxed, a situation almost unique in the OECD . Instead, the Council Tax is usually paid by the resident of a property, and only in the case of unoccupied property does the owner become liable to pay it (although owners can often obtain a discount or an exemption for empty properties). </P> <P> Her Majesty's Revenue and Customs (HMRC) guidelines state: </P> <Dl> <Dd> "Council Tax is a tax on property . In principle it may be an allowable deduction in those instances where other property - based expenses are deductible ." </Dd> </Dl> <Dd> "Council Tax is a tax on property . In principle it may be an allowable deduction in those instances where other property - based expenses are deductible ." </Dd>

A property tax bill is an example of