[user104658]

Rich little rich girl doesn't want to pay more tax because her future home might be worth more than £2 million. My heart bleeds for her. No, really.

[Livia]

Originally Posted by Toy Soldier

Rich little rich girl doesn't want to pay more tax because her future home might be worth more than £2 million. My heart bleeds for her. No, really.

This is going to sound ridiculous probably, but you don't get much for £2,000,000 in London. I sold a 2 up, 2 down Victorian terraced house a few years ago for a fair price. It's back on the market for almost £400,000, and it's in one of the poorest boroughs in the country. The "mansion tax" is all well and good if it applied to actual mansions, but it won't. Stick a bit more on the upper rate of income tax and get the tax in from the companies who aren't paying it.

[kirklancaster]

Originally Posted by Livia

This is going to sound ridiculous probably, but you don't get much for £2,000,000 in London. I sold a 2 up, 2 down Victorian terraced house a few years ago for a fair price. It's back on the market for almost £400,000, and it's in one of the poorest boroughs in the country. The "mansion tax" is all well and good if it applied to actual mansions, but it won't. Stick a bit more on the upper rate of income tax and get the tax in from the companies who aren't paying it.

I totally agree Liv, and the Government could actually start to more efficiently utilise the colossal amounts of money they already receive in various taxes.

[joeysteele]

Originally Posted by Toy Soldier

Rich little rich girl doesn't want to pay more tax because her future home might be worth more than £2 million. My heart bleeds for her. No, really.

Personally,I think the £2,000,000 is too low to start a mansion tax of sorts but something needs to be done to address this and get some extra funding in from those with absolutely outrageously large properties.

I raised the bedroom tax in my post because this Govt, hasn't batted an eyelid at attacking those on the lowest incomes with modest homes as to taking off them funds they were told were their right to claim, and then having to pay money out of what the Govt originally said, they had to have to live on,to pay this rotten and unfair bedroom tax.

That attacking the weakest the poorest is supported it seems but it is wrong for a party to take from those that have the most and great wealth too,living in those outrageously massive dwellings,they sure cannot be poor,or they would sell them.

As to the good point raised as to private landlords and private housing, well therein lies something else that needs to be addressed, greedy people overcharging as to rents because Govt's haven't made it that rents need to be universal for the same properties.
Yes that needs sorting out, people who buy up properties, maybe ex local authority housing that tenants have bought and are now selling,then they do some cosmetic work to the property and charge ridiculous rents for same.

For instance, I dealt with some people who lived in a mixed street of local authority housing and privately owned properties too.
The rents for the local authority housing was £127 per week,a property 3 doors away, owned by someone with another property they lived in, so rented this one out, worked out at £255 per week.
It is those people who are overcharging for rented property and therefore taking more from the taxpayer when their tenant has to claim housing benefit,they are nothing short of criminals in my view.

They are the greedy parasites taking off those in work, those out of work and the taxpayers too.
They should be stopped from setting rents too high in the first place and the best way to see what rent should be charged, is to look at what the property would cost to rent if it was under a local authority.

Instead of joining in the bashing of the weakest and poorest who have been hit hardest by the bedroom tax, the ones that should be condemned are the greedy private landlords who the Govt does nothing about at all.
None of that justifies the bedroom tax at all, I cannot see an argument for the bedroom tax,it is costing as much, if not more to implement, than it will ever save.

Also however, none of the above takes away from the idea that those with 'mansions' for want of a better word and a strong income too,should not be made to make a greater contribution to the finances of the UK via some extra tax on their incomes or their property and indeed in the case of probably some of their 'extra' properties.