Wednesday 12 February 2014

Lib Dems proposed "Mansion Tax"



Nick Clegg has this week suggested that the Liberal Democrats will enforce more taxes on the wealthy should they get in power. The ‘Mansion Tax’ will be an annual levy of 1% on the taxpayers of all homes valued over £2m. A move which is also supported by Labour, it was previously put forward in the run up to the last election. The Conservatives opposed it, and so was not enacted in the current coalition government.

The proposed levy promises to divide opinion, but for many it will be seen as a welcome alternative to the existing policy of public spending cuts. In answer to opposition, Clegg has claimed that relevant home owners who are “asset rich” only and are not on high incomes may be able defer payment. Certainly one to keep an eye on.


No comments:

Post a Comment