Mansion Tax On London
October 18, 2014
Ed Balls announcement of a mansion tax at the Labour party conference in September was widely expected. Little is known about the detail, only that properties valued over £2 million will face an annual tax with the aim of raising £1.2 billion in revenue to the Exchequer. Estimates of how many properties will be affected depend on your source: Savills suggest 97,000, Zoopla 108,000 and Knight Frank 110,000. One thing is certain, the vast majority of these properties will be in London – 87% according […]
Amid the gloom of proposals for landlord registration and licensing, longer tenancies, rent control and most recently legislation to stop retaliatory eviction – with all the usual media images of feckless landlords and tenants surrounded by mould – came one ray of sunshine this Autumn. The Resolution Foundation and Chartered Institute of Housing Report ‘More Than A Roof’ makes some refreshing proposals. Initially it recommends a national framework for landlord accreditation, nothing revolutionary in that. A fraction of the UK’s 1.4 million landlords […]