The Mansion Tax

[Penguin68]

12 hours ago, malumbu said:

This thead smacks of "I hate Labour"

Which is a perfectly legitimate political position to take and somewhat parallels the (equally legitimate) 'I hate Tories' or  'I love Labour' positions taken by other posters. Or indeed 'I hate car drivers and owners' or 'I love cyclists' positions frequently paraded. 

[Spartacus]

13 hours ago, malumbu said:

This thead smacks of "I hate Labour", similarly recent posts on the Khan thread, for some of you.  

Shock horror 

Objecting to a policy does not dub them Haters of your precious party.

Although I now seeing you as Sméagol, "My Precous, i's wants my precious party"

[DuncanW]

1 hour ago, Spartacus said:

Shock horror 

Objecting to a policy does not dub them Haters of your precious party.

Although I now seeing you as Sméagol, "My Precous, i's wants my precious party"

You okay mate?

 

[Spartacus]

28 minutes ago, DuncanW said:

You okay mate?

 

I'm fine thank you, and you ? 

Just fed up of people throwing out "you hate xyz" in a discussion because they present an alternative view. 

Its called a discussion forum for a reason, not a one sided monologue platform. 

 

Although now I said it, Mal will forever sound like Sméagol when I read what they post 🤣

 

[HeadNun]

God forbid we should have a discussion that doesn't align with the forum doctrines. 

That Piermont Green house is a gem. A great example of art deco at its finest. I love that period of architecture and design. 

[Jenijenjen]

48 minutes ago, HeadNun said:

God forbid we should have a discussion that doesn't align with the forum doctrines. 

That Piermont Green house is a gem. A great example of art deco at its finest. I love that period of architecture and design. 

Art deco or Arts and Crafts?

[HeadNun]

I'm assuming it was built around the 1920, 30s, but I might be wrong. If it was, that would make it too recent for Arts and Crafts. (Tho I'm a big fan of Arts and Crafts too). 

[Jenijenjen]

It's definitely not Art Deco style, regardless of when it was built otherwise all houses built in the 1920s could be described as Art Deco.  The estate agent's blurb desribes it as being built about 1914 in the style of Lutyens whose work has been described as being in the Arts and Crafts style with a heavy Tudor influence.

[Cyclemonkey]

That house it almost literally the polar opposite of Art Deco style. 

[Insuflo]

It’s probably best described as Tudorbethan. It displays a rather twee, rose tinted yearning for a lost England that never really existed. Much like many posters on this forum. 

[HeadNun]

1 hour ago, Jenijenjen said:

It's definitely not Art Deco style, regardless of when it was built otherwise all houses built in the 1920s could be described as Art Deco.  The estate agent's blurb desribes it as being built about 1914 in the style of Lutyens whose work has been described as being in the Arts and Crafts style with a heavy Tudor influence.

Yes, you're right. I was conflating Art Deco with 1920s and it does have more Arts and Crafts features. Either way, I think it's a pretty house. 

[Pugwash]

We purchased our 4 bed semi in ED in 1975  it had been reduced by £500 for quick sale and was  £16,500!,

Original owner lived on first floor but let out rooms downstairs. We had to do considerable redecoration and some alterations to adapt it to 3 elderly relatives with mobility issues, plus myself, partner and toddler.  I was joint owner with my elderly aunt and after her death, we had to get a small mortgage to pay out some of her bequests.

My neighbour's house was on the market for £1.4 million but his place was far better condition than mine.

I agree that many folk are asset rich but cash poor .

[Sue]

17 hours ago, malumbu said:

 I have a legit reason to be on that road and always wave to the CCTV.

Does it wave back? 

6 hours ago, DuncanW said:

You okay mate?

 

Shouldn't that be 

U OK Hun?

[HeadNun]

5 hours ago, Insuflo said:

It’s probably best described as Tudorbethan. It displays a rather twee, rose tinted yearning for a lost England that never really existed. Much like many posters on this forum. 

For me, it's not about a twee, rose tinted, yearning for a lost England that never really existed. From an aesthete's point of view, I just prefer the architecture and craftsmanship of yonder years, as well as glass, ceramics, furniture and decoratives. So much now is bland, cookie-cutter and soul-less. 

It's very sad how, on this forum these days, you can't even comment on liking an old house, without it being somehow sneered upon. 

[CPR Dave]

There's an indicative map here of whi falls foul. Sevreal dozen in SE 22ml.

I dont think this is up to date though. And by the time the government have done their "independent" valuations I think we can expect a lot more to fall into this tax trap.

 

https://taxpolicy.org.uk/2025/11/27/mansion-tax-map-where-the-money-comes-from/

[malumbu]

2 hours ago, HeadNun said:

For me, it's not about a twee, rose tinted, yearning for a lost England that never really existed. From an aesthete's point of view, I just prefer the architecture and craftsmanship of yonder years, as well as glass, ceramics, furniture and decoratives. So much now is bland, cookie-cutter and soul-less. 

It's very sad how, on this forum these days, you can't even comment on liking an old house, without it being somehow sneered upon. 

What worries me is all the talk of these foreign architectural styles.  Art Deco (French) and Art  Noveau (Belgium - can you even name ten famous poeple from Belgium),   Thank heavens for good old British Arts and Crafts, harking back to previous times.

 

6 hours ago, Pugwash said:

We purchased our 4 bed semi in ED in 1975  it had been reduced by £500 for quick sale and was  £16,500!,

Original owner lived on first floor but let out rooms downstairs. We had to do considerable redecoration and some alterations to adapt it to 3 elderly relatives with mobility issues, plus myself, partner and toddler.  I was joint owner with my elderly aunt and after her death, we had to get a small mortgage to pay out some of her bequests.

My neighbour's house was on the market for £1.4 million but his place was far better condition than mine.

I agree that many folk are asset rich but cash poor .

What do you think those who are asset poor and cash poor may think?  Don't you feel there is a case for evening things out?

10 hours ago, HeadNun said:

God forbid we should have a discussion that doesn't align with the forum doctrines. 

That Piermont Green house is a gem. A great example of art deco at its finest. I love that period of architecture and design. 

Get real.  There are numerous anti-Labour threads and a few of you who clearly hate everything Labour, no doubt going back decades.  Not everyone of course who have posted on this weird thread has such strong views.  

For balance there are a lesser number of threads on other political parties and a former prime minister, but they attract far less traffic, and one person seems to go out of their way to defend Farage

[bonaome]

On 26/11/2025 at 21:30, Cyclemonkey said:

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?  

It isn’t unearned money, because it isn’t money at all. It’s a theoretical value. Do you think the government will take an iou for when a house is sold and (and if) the money becomes real?

[richard tudor]

Providing you sign cast iron legal documents and agree to mind blowing rates of interest probably.

[Cyclemonkey]

@bonaome yes that is what is being proposed for the asset rich and cash poor.

Also an mortgage free asset worth £2m is very much real money -  you can remortgage, release equity, use it as security for a loan, downsize, out it to work earning money (Airbnb, lodgers etc..) etc.. etc.. 

[alex_b]

On 26/11/2025 at 18:39, PeckhamRose said:

My bugbear is and always be taxing private pensions, when one has already paid tax on the earnings that make them up!  The entire amount makes up the tax and not just taxed on the interest made since.  

 

Contributions to pensions up to the annual (and lifetime) allowance are pre-tax. Essentially you’re reducing your tax bill now in return for paying tax later - the assumption being you’ll be lower earning in retirement and therefore be better off overall (plus you benefit from having that extra money in your pension in the meantime). 

[Sephiroth]

On 27/11/2025 at 14:50, Angelina said:

People pay a lot of tax. By 2031, this will be the highest tax paid ever. Coupled with the fact that the amount of debt we have and the amount we pay for that debt is also at an all time high, you can possibly understand why people are against paying more tax

Historically we don’t pay that much tax compared to comparative countries and current levels aren’t that high 

https://obr.uk/box/the-uks-tax-burden-in-historical-and-international-context/

 

and where does the 2031 number come from?

Every person complaining about a small amount of tax on homes above £2million is the direct enemy of every voter/government/plan to build affordable housing 

if any government were to actually build sufficient housing, there wouldn’t be many £2 million houses left

and that’s a good thing 

you can’t have your house value be your pension AND have affordable housing  - you have to choose one 

[Angelina]

The next six years will be a real problem. When costs go up with inflation and then salaries go up with inflation (likely not as much), more of that increased income will be taxed, which means like for like, people will have earn more but pay more tax so have less money and things will cost more.

Rents will also go up as tax on rental income will not come out of the landlord’s pocket. 

It’s not just the people who own houses love £2m that will suffer ( and £7k is less likely to be an impact than higher tax and rent for someone on minimum wage wage
 

[Sephiroth]

I think you are making a whole bunch of assumptions there which just don’t stack up   - the assumption that inflation will simply keep rising for example  

as well as a bunch of incomplete statements - I don’t know what point that last paragraph is making?

[Angelina]

It’s supposed to say “above £2m”. 
the point is that all levels will feel the impact of increased tax, but it’s more likely to affect those on low wages

[Sephiroth]

3 minutes ago, Angelina said:

It’s supposed to say “above £2m”. 
the point is that all levels will feel the impact of increased tax, but it’s more likely to affect those on low wages

I don’t follow this logic at all - I see no connection. I do see a lot of people sitting on a lot of assets bleating about unfairness and then seeing some people support them with some “I will never own a house like that but if they say it’s bad it must be bad” 

as a country we need more money - this tax will raise relatively little but given the noise from people this well off, it  suggests that trying to raise money from any quarter is an uphill battle 

it’s completely baffling