Balls – Mansion Tax already in planning

There are many Ifs, Buts, Maybes and hung Parliaments" here before any one gets excited.

However I can see a lot of properties at £1,999,995 instead of £2,000,000 just like the old Stamp Duty and then how do you accurately value a property at this price point?

Easy, you make it a legal requirement that anyone claiming their property is worth less then £2,000,000, must except the first offer they get of £2,000,001 even if they don’t wish to sell the property.

What a load of ..... Balls?

They've got to get elected first! LOL

My concern, if they do get elected, is how long it will be before some bright spark in the loony lefty camp will think it is a good idea to roll this out to people who own multiple properties with collective valuations of over £2 million!

We must never allow the Labour Party to get back in power. Just check out the differences in their MP responses to our discussion thread Is Your MP A Landlords Chamption" against what the Conservative MP's have to say.

See >> http://www.property118.com/mp-landlords-champion/69840/
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I agree with Mark 100%! To protect the vulnerable is not what Labour does! It takes a load of money and wastes it. The Conservatives push enterprise, empower people to help themselves, make people think not in terms of what they can take, but what they can make! By the way, my family has always supported Labour, and that's why we grew up always broke!

So if the £2m property is let - is it the tenant or owner who pays and if owner (more likely) rents will rise - lots of HMOs in Central London can come under this apart from single tenancies - and as usual London supports the country. Isn't it time London was made exempt or have a proportionate valuation. My £2m flat against your Country Mansion hardly fair

I don't think the level of the tax will have much effect on the profit from a £2m hmo, unless the HMO is already making so little that it is not worth the effort.

Reply to the comment left by "Harlequin Garden" at "24/12/2014 - 17:53":

From what I have read the intention is for the owner/landlord to pay.

Hi All Merry Christmas

I can think of more effective ways to raise money more fairly. Why can we not have a tax rate of 20% no matter what you earn.

You can set a earnings of £15,000.00 before any tax is paid.

Any one who tries to avoid paying this will have all there assets seized. I can guarantee the government will bring in far more revenue than at present.

This rewards people who try and encourages other to follow knowing they will reap the rewards of there hard work.

If the government really want to save the NHS then lets start with the way you would look at a business.

You don't have so many managers. Big pensions and pay off for those that don't perform and do there job correctly.

Staff who think it is acceptable to abuse the sick policy and leave hard working colleagues to do there work. Private company's most people do not receive any pay for the first three days sick. Hence most don't take a day of when they are not ill as it costs them money. The amount of civil servants (not just NHS) who think it is a right to take time of Sick because they get paid when they are not ill is ridiculous. Any civil servant reading this will know what I am saying is true and know colleagues with this attitude. If they were treated the same as private sector you would see a huge drop in the sick rate. and as such the cost for people on overtime.

Why not allow your staff to work overtime, instead they register as an agency worker and get a far higher rate of pay.

If you are a big business you buying power you dictate to the supplier not the other way about.