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Tax Breaks Needed For Mansion Owners

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http://www.expressandstar.com/news/local-news/2014/12/12/tax-breaks-needed-for-mansion-owners-says-ukips-william-cash/

Ukip's heritage spokesman William Cash, who lives in a stately home near Bridgnorth, has announced the party plans to bring in tax breaks for the owners of historic mansions.

imgID8422534.jpg

Mr Cash has revealed the new policy which he says would help those struggling to preserve historic properties.

However, it comes in stark contrast to Labour's pledge to adopt a "mansion tax" if they win the forthcoming general election, which would place an additional levy on those with homes worth more than £2million.

Mr Cash, owner of Spears magazine and son of senior Tory MP Sir Bill Cash, lives at Upton Cressett Hall, near Bridgnorth - and has revealed the issue is one of the reasons why he joined Ukip.

VAT was imposed on the renovation of listed buildings by George Osborne in the 2012 budget.

Mr Osborne argued that leniency on listed building renovations allowed the owners of manor houses to install swimming pools without paying tax.

But Mr Cash said: “Our planning and tax policies should support, not discriminate against, the rich heritage of our built inheritance and the efforts of those who enjoy preserving it and sharing its custody with others and for future generations."

imgID8422531.jpgWilliam Cash, pictured at home

He said the burden of tax imposed on the “restoration classes” was leaving Britain’s historic properties “crumbling away”.

Upton Cressett Hall is a 15th century manor house with a moat, bought and restored by Sir Bill Cash in 1969. Sir Bill now lives in a converted barn in the grounds of the hall, while son William has taken over the running of the grade I listed property.

Ukip has promised to exempt historic buildings from VAT at 20 per cent on their building work, which would save wealthy owners of historic mansions and castles hundreds of thousands of pounds. It would be replaced with a rate of five percent.

However, critics have said the policy will offer a potential benefit to some of Ukip’s biggest manor-house owning donors, though a party spokesman said none of them knew about or asked for the policy.

He said the tax cut would help thatchers, stonemasons and carpenters, and many owners of listed properties are not wealthy.

He said Mr Cash was open about his link to Upton Cressett, owned in a family trust.

“If we get to a situation where people who have an interest in a subject can’t talk about it then you will be in a parlous state," he said.

"No soldier can talk about the defence budget and no scientist can talk about the science budget.”

Edited by repetitive bleats

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Definitely a man who has the interests of everyday normal people at heart. I'm just glad he shares my concern with how hard it can be for toffs living in stately homes to keep them in the condition that the public deserves.

Edited by repetitive bleats

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tax breaks on the bits others can visit. Otherwise, its a house.

We've had that for years.

And failed to distinguish between stately homes that are genuinely open to the public, and places that run one event a year for the tax break. Like, maybe, a charity event with a £300 price tag to keep the plebs at bay.

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No. He has to divest ownership entirely.

tax breaks on the imputed rent I say

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