Saturday, Jun 19, 2010
It's a bit late now...
Evening Standard: David Miliband copies Vince Cable with plan for a Lib Dem-style ‘mansion tax’
"Labour leadership frontrunner David Miliband today called for an annual “mansion tax” on all homes worth more than £2 million. In what appeared to be a lurch to the Left, the former foreign secretary said a one per cent levy should be imposed to raise up to £1.7 billion a year." While this is a tiny step towards LVT, this would be starting at the wrong end, what they should do is scrap Inheritance Tax and impose a mansion tax (i.e. higher council tax bands) on ALL homes worth more than whatever the IHT nil rate band used to be.
Posted by mark wadsworth @ 12:18 PM (520 views) Add Comment
1 Comment
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1. mander said...
If New Labour will not support property who will? That tells property owners there is no hope even if early elections will come arround.