Topic: | Re:Re:Re:Re:Estate Agents against Mansion Tax Shock ! | |
Posted by: | Mark Perry | |
Date/Time: | 29/09/14 16:31:00 |
It's a wealth tax which will fall almost exclusively on London and the South East. Just look across the channel to France to see how well those policies have worked over there. How will it be collected? via tax returns to HMRC? Really?! Good luck with policing that ... How will houses be valued and by whom? Can you imagine how many appeals there will be by people who are just over the £2m mark, that won't be cheap to run. What happens when house prices go down? It is typical old labour politics of envy which will raise an insignificant amount of money and be difficult and expensive to collect. Reband council tax rates by all means, do a proper job that successive governments have shyed away from. |