Topic: | Re:Re:Re:Re:Re:Re:Re:Re:Re:Estate Agents against Mansion Tax Shock ! | |
Posted by: | Steve Thomson | |
Date/Time: | 30/09/14 15:11:00 |
ATED = Annual Tax on Enveloped Dwellings. It's the equivalent of Mansion Tax for property held in a corporate structure. Just recently reduced from a £2m to a £500k lower threshold .... I have a nasty feeling that similar structure will be proposed for MT because it doesn't involve every property having to be valued and it's 'similar' to Council Tax in that bands are involved and arguments don't break out every year around up/down valuations. Let's see - but if they want £1.2bn then it follows that those at the lower threshold are going to have to hand over a lot more than £1-2k a year to make the numbers work. And therein lies the political fallout I think. |