Jump to content
House Price Crash Forum
Sign in to follow this  
Tumisu

Is "mansion Tax" The Return Of The Politics Of Envy?

Recommended Posts

People generally expect services, therefore taxes are needed to be raised. Taxing wealth, especially property wealth, is more equitable and straightforward than taxing income or consumption.

However the current schemes are obfuscatory electioneering.

Share this post


Link to post
Share on other sites

No - its a return to ensuring someone who owns a £60m Hyde Park flat pays more in annual property tax (i.e. council tax) than a retired couple in a terraced house in Croydon. If the oligarch is a single bachlelor - he pays even less due to single person discount. That is what happens now - as council tax in Westminster is so low and that is obscene!

Ideally there should be the system they have in New York and we had pre 1988 - no upper cap on property taxes for high value properties. We need to end band H - and create Bands I, J, K and even Z for £100m houses! But no government has got the guts to go for a full revaluation - London and the southeast paying more and the rest of England less - so the mansion tax is the next best alternative.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 408 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.