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if small family homes are priced at £2.000.000 in SE22 I suspect they are over priced. -
That's exactly my point Ian. The council will collect on behalf of the government. Not on behalf of themselves. The government then decides how and where it is spent. So poor people in Southwark might end up paying Southwark to collect the government's mansion tax and watch the government then squander that money anywhere else they see fit. I really do hope the government reimburse the council for collecting this tax on their behalf. As regards villas in Burbage road, I'm actually talking about two small family homes currently on sale on my road in Se22 for about £2m. No doubt neither will now be saleable and this government will miss out on £155,000 of stamp duty tax that will be payable on these mansions when they eventually sell under another government that cancels this capricious folly. -
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By Cyclemonkey · Posted
Won't someone think of the poor people burdened with a £2M house "through no fault of their own" ..... seriously? This is literally unearned money mainly gained through govenrment policies that has given home ownership preferential treatment for decades but you think it is fairer to rise income tax? Young graduates are already effectively paying a higher marginal rate of income tax due to student loan repayments and can barely afford to rent in London, but it is fairer not to touch the unearned housing wealth of boomers?
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