To think an annual property tax is incredibly unfair?

As Op has said time and time again but I'll say it once more:

It's not my fault my Council Tax is lower than Dorsets.

Rural counties like Dorset have very different costs. They have far more rural roads to maintain, bin collections have to travel much further between properties, and services like adult social care and transport are more expensive to deliver because people are spread out. In a densely populated borough in London many services can be delivered more efficiently because of economies of scale.

Different Council Tax bills reflect different local costs and spending decisions, not whether one resident "should" pay more than another. The fact you pay more in Dorset doesn't mean people in London ought to be paying the same.

Kent Council went bankrupt hence why their residents pay more CT, Croydon Council in London also mismanaged funds went bankrupt and again those residents end up paying more CT.

So you see its not comparable.

Don't live in a rural area if you can't suck it up, isnt that your line to me. Thats the trade odd between living in a rural area vs more densely populated areas like cities.

If you Council is wasting money and not being efficient than vote in someone that will do better.

If you can't manage it, how do you think millions of other people are already managing it as your council tax is less than half the national average? How is that fair?

Why should a single person in Dorset, living in an average house pay upwards of £2k, whilst you pay less than half of that?

And yes you will be able to defer, at least under the current plans. Obviously things may change.

I know its a proposal I never said it was being brought in.

Ah yes by all means I have a spare £87 to pay per month its just me alone one income. At least I had single person discount. Why should I pay same tax that a household with 2 working adults pay less per person?

And there is no mention of being able to defer it otherwise everyone will do it and where is the tax money being collected to pay for services?

So if i am in my forever house by your account I can defer it and then they can collect the money once I die and sell it off. Actually wait thats great then I pay nothing so I will be quids in actually.

Really? I have read nothing to suggest that, but I’m happy to be wrong. Let’s see…..

Seriously, I voted for Labour and they are a bunch of jokers! As chaotic as the Tory party just repackaged. I didn’t vote for Burnham or this North South divide.

Yes we definitely do, we will be shelling out SD very soon as well and he can’t have it all ways

also is no one frustrated that these Labour politicians are very wealthy and won’t be leading by example

Under the policy, people in their existing homes would pay no more than £1200 a year more per household. So £100 a month maximum.

The full 0.48% is is someone moves, and it'll be a lot cheaper for you than stamp duty.

They're not bringing the 1% in, that's a proposal which is not being endorsed by the Labour party. There's no indication this is their policy, it's pure scaremongering on here.

If the fairer choice policy is brought in, your council tax (equivalent) would be £2,640, £87 a month more than you pay now, but you could defer it until you in the future sell the property, if needs be.

Although that sounds like high council tax, because it's more than you're used to, it's about average for the UK, so millions are already paying this amount, no doubt on a similar or lower income.

How on earth do you work that out? If this goes through, it will be hundreds a month more for me. And I’ve very recently paid the stamp duty. From already higher rate taxed income!

And if this goes through, as long as you stay put, the maximum more you'll pay is an extra £100 a month, nothing in the grand scheme of the give the eye watering cost of any mortgage/upkeep.

If you move, then you won't pay stamp duty so for even most large and expensive properties, people will be better off for at least the first 15 years of living there.

But when you buy that expensive house, with its “swimming pool or fancy architectural quirks” you already pay for the privilege? One, in stamp duty. Two, you buy the house with money already taxed at a higher rate.

You see the goalposts already moving even if it isnt policy now its a 1% land tax...so does council tax remain as they only say this is to replace stamp duty.

Well ive paid my stamp duty so why should I pay a land tax until I move?

A single person income here, I could afford my house when I purchased it 14yrs ago in zone 5 London at £250k now its worth £550k so I will be hit of this went ahead. My council tax is £1600 a year, where and how am I supposed to afford this land tax if it happens and if its on top of CT where do I find almost £400 a month from? My job is London based so moving out isn't an option because then commute costs go up massively.

Why can't they phase in stamp duty like an interest free loan you pay it back over x years. So people can still move homes without needing a big deposit.

Lets see what happens but quite frankly I am not impressed. We need a general election.

Some can be.

Also, some very wealthy people have homes that come with a lot of land, or a swimming pool, or fancy architectural quirks which mean it's incredibly expensive.

These aren't standard family homes. It's disingenuous to pretend that they are homes for anyone other than the very wealthy.

4 bed homes are not mansions.

Your posts indicated the report would be an announcement this week which isn’t the case. But that 1% would hit average terrace houses in London in the suburbs.

People in average jobs would be in financial strife, I doubt you’ll get the 1% you’re after.

Where are these homes that are over a million pounds, outside of London, but I just small family properties?

If your council tax is 4k + now which does include homes that are not mansions in the North it will be in excess of 5k.

You wouldn't be able to afford the massive mortgage unless you have a massive income in given affordability is a percentage of that income. No one is affording a million pound house on minimum wage are they?

So Labour will be able to tax their way to growth?

Well at the moment my flat in London is valued at £0 by banks due to cladding issues , i am paying £250 a month council tax so hoping my council tax will be £0 too with this new law he proposed, but i doubt it.

Just to be absolutely clear, virtually no one's council tax is going to be costing them £5k+ under the fairer share proposals unless they moved with the policy in place and knowing those, and they'd have moved with no stamp duty.

I say virtually no one because a small proportion of people in the highest council tax areas, in the highest bands already pay that (band H in Dorset is over £5k). But many of those will still see reductions.

In London, a hand H in Westminster, for example, would be about £3200 a year under the new proposals, except for new people moving in. If that's too much for people living in an actual mansion, how on earth are people living in regular houses supposed to afford those council taxes now?

Why? When so many people pay less.

These ideas all aim to do one thing that our current tax base fails to do - drive growth. Growth is vital if we’re EVER going to reduce the vast tax burden we’re currently paying. By the sounds of it of it we’re trapped in a low growth high tax environment as these policies aren’t understood and people are too short sighted.

There’s no point me - one person - paying extra tax if it means that stamp duty still remains, massively damaging the UK economy.

Not sure you do want to pay more tax, perhaps so some claim to on mn, but you can always voluntarily pay more to HMRC.