Thursday, November 13, 2014

Mansion tax is blamed

Mansion Tax Fear Hits H P Growth

"UK house price growth has reached a 17-month low with the prospect of a looming 'mansion tax' contributing to price falls in London, a closely-watched survey has found". (Sky clearly has a different angle on House Prices than the BBC). "..the move was driven by the worst price falls in London for four years and it could be partly explained by Labour's plans to tax the owners of properties worth more than £2m - the majority of them in the capital, where average prices are now well above £500,000". (I thought it was the Lib-Dems who thought of it first - what a cheek). Meanwhile UKIP has condemned the Mansion Tax on their website as "pure populism" (ie: clearly something UKIP would never be caught aiming for).

Posted by alan @ 09:02 PM (3761 views)
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5 thoughts on “Mansion tax is blamed

  • Utter mutts nuts.
    The Russians have gone – sanctions.
    The Chinese are clamping down on corruption & the black economy and are slowing down.
    The OECD is stamping down on tax havens and dodgy international money flows.
    The EU is now in recession again.
    India is sucking investment in rather than pushing dodgy money out.
    The UK is turning less open and might leave the EU? Offshore property ownership is being taxed through various big new initiatives.
    So for London property even to stay at current levels, we need to identify a fresh source of new money inflows.
    But there are none.
    And the taxation thing. That’s big.
    So, down it goes, back to a more normal level that doesn’t make Londonders so upset and squeezed out of their own city,

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  • Stock levels up, sales down in England says EA chain Jeffreys.

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  • And here comes a stamp duty ‘holiday’ to boost sales….

    Well, I wouldn;t put anything past the Nasty party.

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  • typical – hasn’t even been implemented yet………………..

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  • That’s a few month’s uneranred capital gain gone! Poor people, can we start a collection for them?

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