Treasury Minister Priti Patel writes about Labour's proposed tax on homes
In the area of Cumbria where I live, properties which change hands for £2 million can reasonably be describe as mansions - though there are so few of them in this county that a tax on such properties would hardly raise enough money to be worth the effort of collecting.
But in some parts of the country, particularly London, house price inflation has put the homes of ordinary working people into the territory which might be caught by Labour's so called "Mansion Tax"
And if the suggestion by one Labour politician to apply the tax to houses in the North West worth over £400,000 were put into effect, there are plenty of family homes in places like Keswick which are certainly not mansions but would be affected.
This is what Priti Patel has to say on the subject:
But in some parts of the country, particularly London, house price inflation has put the homes of ordinary working people into the territory which might be caught by Labour's so called "Mansion Tax"
And if the suggestion by one Labour politician to apply the tax to houses in the North West worth over £400,000 were put into effect, there are plenty of family homes in places like Keswick which are certainly not mansions but would be affected.
This is what Priti Patel has to say on the subject:
'Let's stop calling it a "mansion tax"- these are not mansions, these are family homes' - Tessa Jowell, Labour MP Ed Miliband's planned tax on the family home will hit hardworking people across the country - as even his own MPs and Peers admit:
Labour said only 'the most wealthy' would pay their homes tax - but now Ed Balls is saying that everyone who earns £42,000 or more will have to pay up front. Labour said pensioners would be protected - but Ed Balls admitted this week that pensioners will have to pay the tax after they die. Labour said only homes worth £2 million would be hit - but already a senior Labour figure has demanded the tax be extended to homes worth £400,000 in the North of England (Claire Reynolds, quoted in The Sunday Express, 10/08/14). It's clear that hardworking families across the country would be hit by Labour's latest tax. And it's clearer than ever that a Labour government would mean a return to higher taxes, more debt, and a stalled economy. Add your name to our petition today and let's stop Labour's plans: Thank you,
Priti Patel
Treasury Minister |
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