Forum Message

Topic: Re:Re:Re:Re:Re:Re:Re:Mansion Tax!
Posted by: Adrian Irving
Date/Time: 24/09/14 12:06:00

The threat of a Mansion Tax has already affected the market along with the increase of Stamp Duty from 5% to 7% for purchases over 2m.
Zoopla are predicting an average charge of 15k per year presumable based what Labour say it will raise divided by an estimate of the number of properties worth 2m and above.
If this figure (15k) is about right then all hell is going to break loose and the unforeseen consequences, mainly in London, will be enormous.
Apart from the obvious, it could well increase demand and therefore prices for property in ‘cheaper’ areas, increase prices of property  between , say, 1.4m & 1.9m, discourage people extending their homes or leases, people diverting money from their kids education, holidays, dining out, buying a new car etc. just to pay for this political tax.
The net result  of which will probably damage the tax take as much as it would raise.
Yet another bonkers idea from the donkeys that ‘run’ our green & pleasant land.
PS and don’t think you are safe in  your 1.5m pound house…….. it’s just a question of time before you are clobbered.

Entire Thread
TopicDate PostedPosted By
Mansion Tax!23/09/14 17:38:00 Sean Wales
   Re:Mansion Tax!23/09/14 17:43:00 Thomas Barry
      Re:Re:Mansion Tax!23/09/14 18:07:00 Richard Greenhough
         Re:Re:Re:Mansion Tax!23/09/14 18:16:00 Julian Pavey
            Re:Re:Re:Re:Mansion Tax!23/09/14 18:21:00 Michael Brown
               Re:Re:Re:Re:Re:Mansion Tax!23/09/14 18:23:00 Stuart Kerr
      Re:Re:Mansion Tax!23/09/14 20:46:00 Will Watson
   Re:Mansion Tax!23/09/14 18:43:00 Ed Yelland
      Re:Re:Mansion Tax!23/09/14 19:21:00 Susan Kelly
      Re:Re:Mansion Tax!23/09/14 19:23:00 Pete Mayes
   Re:Mansion Tax!23/09/14 22:59:00 Nick Barton
      Re:Re:Mansion Tax!24/09/14 00:43:00 George Knox
      Re:Re:Mansion Tax!24/09/14 08:54:00 Richard Greenhough
         Re:Re:Re:Mansion Tax!24/09/14 09:12:00 Nick Barton
            Re:Re:Re:Re:Mansion Tax!24/09/14 09:21:00 Charles Campbell
               Re:Re:Re:Re:Re:Mansion Tax!24/09/14 10:47:00 Sam Hearn
   Re:Mansion Tax!24/09/14 10:41:00 Sean Wales
      Re:Re:Mansion Tax!24/09/14 10:45:00 Susan Kelly
         Re:Re:Re:Mansion Tax!24/09/14 10:51:00 Charles Campbell
         Re:Re:Re:Mansion Tax!24/09/14 10:53:00 Sam Hearn
            Re:Re:Re:Re:Mansion Tax!24/09/14 11:25:00 Will Watson
               Re:Re:Re:Re:Re:Mansion Tax!24/09/14 11:30:00 Huw Burford-Taylor
                  Re:Re:Re:Re:Re:Re:Mansion Tax!24/09/14 12:18:00 Chris Martin
               Re:Re:Re:Re:Re:Mansion Tax!24/09/14 11:46:00 Nick Barton
                  Re:Re:Re:Re:Re:Re:Mansion Tax!24/09/14 11:59:00 Viv Griffiths
                     Re:Re:Re:Re:Re:Re:Re:Mansion Tax!24/09/14 12:06:00 Adrian Irving
                        Re:Re:Re:Re:Re:Re:Re:Re:Mansion Tax!24/09/14 12:22:00 Charles Campbell
                     Re:Re:Re:Re:Re:Re:Re:Mansion Tax!24/09/14 12:10:00 Guy Lambert
                        Re:Re:Re:Re:Re:Re:Re:Re:Mansion Tax!24/09/14 12:15:00 Pete Mayes
                           Re:Re:Re:Re:Re:Re:Re:Re:Re:Mansion Tax!24/09/14 12:18:00 Adrian Irving

Forum Home