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UK: Property rich? Watch out! The mansion tax is coming

Posted on 16 September 2011

It’s been beaten up by accountants, attacked by Tory backbenchers, even sat on by Eric Pickles but – like a horror film villain – the proposal for a new swingeing mansion tax to help plug the deficit and punish the property market lottery winners just won’t die.

It’s subtly shape-shifting, too. Its latest incarnation is a form of council tax, collected on new, specially created ‘superbands’ in the UK’s wealthiest suburbs……………………………………….Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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