Joined: 21 Nov 2005 Posts: 1520 Location: Plymouth (Devon)
Posted: Sun Feb 09, 2020 9:47 am Post subject:
Tory Mansion Tax
oris Johnson has been weighing up shock plans to impose a “mansion tax” on owners of expensive homes, in a move which will infuriate the Conservative Party’s grassroots and stun MPs.
Severe cuts to pension tax relief enjoyed by millions of voters are also being considered by the Prime Minister and his Chancellor, Sajid Javid, for the Budget next month in an effort to pay for a huge increase in public spending.
Two separate sources told The Telegraph that ideas to raise more tax from better-off homeowners had been discussed on separate occasions in the past few weeks at the highest levels of the Treasury and No 10.
Some Treasury officials are understood to be keen on introducing what has been described as a “recurring” wealth tax.
So the Tory's have pinched a Labour idea then, seem to remember when it was last suggested (by Labour) all hell broke loose. I look forward to more hell and fire over this then.....
_________________ David (())
Visit : Devon, An Area of Outstanding Natural Beauty and Superb Beaches.
Joined: 21 Nov 2005 Posts: 5478 Location: Hampshire
Posted: Thu Feb 13, 2020 10:33 am Post subject:
mansion tax will not only affect the rich. Those of us living in the Home Counties (born and bred there) may well be hit, unless there is some sort of means testing. My council tax (for me alone) was last year, over £1,500, yet I live in a home which may well fall into any band from B to H depending on where you live in this country. As we have said many times before we are property rich but income poor. Michael Hesletine comes to mind - Council tax should be based on ability to pay from income (and not on the value of the property).
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