Anyone else in the South East worried about Andy Burnham bringing in a land tax?

Yes well said

so what are you going to do when the housing is taxed beyond breaking point? Londoners selling at a loss and moving to Blackpool?

It's fundamental mindset - care costs are about 20-25bn pa now, working age welfare is 150bn, debt interest is 111bn pa. We cannot continue slicing shrinking pie, we need to grow this pie.

Do you pay attention to the news and how a lot of British businesses being bought by foreign investors? how hard government try to make people invest in British businesses, e.g forcing pension funds? do you wonder why British don't invest? and those who can move abroad? Dyson would be a good example. Why don't you want to try to fix this issue? Investments will create growth and jobs, pie will grow, then you can cut it better. But you need to give pie growers a bigger slice, otherwise they won't bother

I understand but then others who have paid in will have died prematurely

@suburburbanbecause she has objectively taken out a lot more vs what she has paid into the system. Spread that across millions and it’s one reason we are struggling now.

@nearlylovemyusernamewhat are you talking about?! A huge stamp duty! My parents bought it in the 80s

Exactly 👏👏👏

The Conservatives tried that for 14 years. Look how well it worked.

I do agree we need economic growth, of course.

@nearlylovemyusernamewe have an ageing population which costs. There isn’t really anywhere left to tap up now. except housing

No, it's not needed at all.

We're taxed to the limit on all income and savings, even IMF concluded that there is nothing more to take. Labour are coming after our homes now. This is all about taxing more or less the same group to pay benefits to others. They need to fundamentally rethink economy, reduce taxes, make it make sense to work and do well, encourage investments and push people into work

Hi I meant the original quoter, I know it wasn’t you 😀

I agree with you

My mum doesn't leave in Wandsworth. And no, I don't think Londoners should pay even more tax to fund the rest of the country.

This thread is not about council tax, it's about possible replacement of council tax with 0.48% annual tax on value of property replacing council tax.

Another poster shared the link to the org making this suggestion and it openly says that this is to take from London and redistribute to the rest of the country.

I think this is horrible suggestion and very stupid of Labour. London is still one of the few areas left where Labour are doing relatively well. This will be the end of it.

Hence the necessity for a long transition, both practically and politically.

Yes, why should home owners always be treated like cash cows

Yes it’s to pay for services in the borough, why would you want your own mother to pay more tax?

It's interesting how many times HoL saved us from utter stupidity of elected MPs.

But of course Labour want to dismantle this as well, why allow some sanity to control their madness

Someone has come on to admit the poll tax is a fairer system
Well done you

Prepare yourself ❤️

But she paid a huge stamp duty?
Critically, Wandsworth council is self funding, they don't take any money from central budget, so if they are happy to manage, why not? why should they pay for the rest of the country? there is Income Tax, VAT, NI, CGT, gazillion of other taxes redistributed at a central level, why do you need to take council tax as well?

If you hit people in an average London terrace with a much higher tax it won’t be doable. So many just don’t have the financial room for it.

oh this again. You found a handful of expensive houses and built your theory on this.

I showed you links earlier that someone living in one bed shitty 390sqft flat in Islington, which is worth 400k, pays only £200 less than someone living in 3 bed huge detached house in Shires worth 325k

Posting again
Band C
Hare Close, Buckingham MK18, 3 bed link detached house for sale, £325,000 - Zoopla
Band C
Wakeham Street, London N1, 1 bed flat for sale, £400,000 - Zoopla

You want those handful of mansion owners to pay more but you'll instead uplift hundreds of thousands of people who live in London

@GasPanicyes, my mum is in Wandsworth. She does not pay a lot of council tax considering the value of her property.

I disagree, a poll tax would be fairer

According to Google there are
25,600,000 homes in England

As such 1 in 39 homes across the country will be severely impacted by the policy

If people think this is acceptable
I find that incredibly sad

If it has to go through the HofL I suspect once again ( like the assisted dyeing bill) the country will be relying on the unelected to give this appropriate scrutiny.
Sometimes relying on those that need a majority vote to keep their jobs clearly isn’t the best course of action to protect everyone

I haven’t gained huge amounts in equity. I would be lucky to get 10% more than I paid for the house 10 years ago.

And what you are forgetting is that council tax is to pay for local services, with the majority of it being spent on adult social care and children’s social care. Those with higher incomes are not using those services more than others. In fact, it’s often the opposite. Larger income, means larger pension which means you self fund for social care.

I was using the “South” loosely. I am 40 miles from London in rural Essex, I’m technically East but all my Northern friends and family would consider me living in the South!

Council tax is a regressive tax that needs sorting.

The reason it is so regressive is that it was priced back in 1992 by a Tory government. The Tories actually wanted people in large houses to pay proportionately less. Then of course the rise in house values since then has made it even more regressive.

A tax based on a % of property value is far fairer.

Some changes in taxation are always going to affect a small proportion of the population negatively. But in this cast the vast majority are going to pay less, and the richest few pay more. They still will have gained huge amounts in housing equity over the years, and benefited significantly from the government holding taxes too low for too long.