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Topic: Re:Re:Re:Re:Re:Re:Re:Mansion Tax!
Posted by: Guy Lambert
Date/Time: 24/09/14 12:10:00

Actually Viv, you could bank 1M and rent somewhere. That would put you on a par with someone who has always rented - except for 1M in the bank.
I can't find the reference now but I read somewhere that in the days of rates the tax yield was vastly more than it is now, with a lot of that extra coming from more expensive properties (because rates were directly proportional to property values, whereas council tax is effectively capped). Of course in those Thatcherite days income tax for high earners was at 60% or 75% for investment income.

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

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