Active discussions

Meet the Other Phone. A phone that grows with your child.

Meet the Other Phone.
A phone that grows with your child.

Buy now

Please or to access all these features

Talk
AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

Original poster

To be scared of Labours Land tax

926 replies

Dragongirl10 · 01/06/2017 15:11

Just read about this, Labour are proposing a Land Value Tax on any land owned, could cost thousands a year for anyone even with a small house, not just the rich....they have not publicised this at all.

People with modest homes could be forced to sell or go into debt, or be repossessed...

OP posts:
MaidOfStars · 01/06/2017 15:12

Source?

StormTreader · 01/06/2017 15:12

Another Tory scaremonger on this I see, people are not going to lose their homes, youre not going to be taxed thousands because you have a plantpot on your balcony. How many is that now?

PatMullins · 01/06/2017 15:13

You should probably read a bit more about it, then.

Cocklodger · 01/06/2017 15:13

Another thread on this?
Biscuit

MaidOfStars · 01/06/2017 15:13

I mean, I know it's in their manifesto but only framed as a possibility. Any figures I've seen touted have been Tory assertions based on nothing.

OddBoots · 01/06/2017 15:15

There aren't enough details to be scared about it, only made up values where people have put unrelated figures together to try and manipulate people politically.

DrizzleHair · 01/06/2017 15:16

All the news about this has been based on completely made up figures, nothing to do with labour at all.

Seriously - how is a tax where every single home owner except very rich multimillionaire will be bankrupt by going to work? Who will everyone sell their houses to? It's nonsense.

Nousernameforme · 01/06/2017 15:16

It's not true

HeyCat · 01/06/2017 15:17

This is total nonsense.

Bishybarnybee · 01/06/2017 15:19

That you Theresa?

Feeling a bit rattled maybe?

AliceTown · 01/06/2017 15:20

AFAIK Labour (and Greens and Lib Dems) have committed to considering it as an idea, but the figure of 3% is incorrect, it would be 0.85%.

How there's been some kind of leap from "we'll consider this idea among others" to "omg everybody's losing their homes" is a bit barmy.

DixieNormas · 01/06/2017 15:21

This reply has been deleted

Message withdrawn at poster's request.

PigletWasPoohsFriend · 01/06/2017 15:21

I mean, I know it's in their manifesto but only framed as a possibility

As is everything in a manifesto. It is what they intend to do.

It also means that the Lords wouldn't fight against it.

AdalindSchade · 01/06/2017 15:22

The Labour Party will not implement a tax that will force people into bankruptcy and homelessness. FGS.

Sionella · 01/06/2017 15:22

It's interesting though. People are clearly worried about the prospect of paying more tax.

Yet some people are not remotely worried about the impact of corbyn's proposals to.... make people pay more tax!

araiwa · 01/06/2017 15:23

desperate tory shill?

DancingLedge · 01/06/2017 15:25

Gosh the Tory scaremongers really out in force on this topic- its not in the manifesto, its not from Labour Party website, it's a discussion only.

Already been repudiated by the Labour Party.

The good news is, this much effort to scare us all with rumours means they realise just how bad the Conservatives are looking in this campaign.

Can't even stand up to a public debate, that's how strong TM' s leadership is.

AliceTown · 01/06/2017 15:26

Yet some people are not remotely worried about the impact of corbyn's proposals to.... make people pay more tax!

The top 5% of earners? And even then, I've had my faith restored in humanity to see some of those top earners agreeing that their shoulders are broad enough to bear more of the burden, instead of those selfish ones who threaten to jump ship.

CowParsleyNettle · 01/06/2017 15:27

They have said they will instigate a review of its but no proposed calculations have been advised.

So far 'guesstimates' I've seen have been 1% or 3% of 55% of the value of the property. No ones knows as it's just a proposal to do a review.

My concern is that a land tax would fall to the owner of the property and would push up rents or cause landlords to sell, causing an even bigger rift in the housing market.

VikingVolva · 01/06/2017 15:29

When an individual Tory candidate or MPmsays something that can be construed as 'nasty' and it is pointed out that it's not official policy, the reaction is usually 'but it shows what they're thinking and where it's all leading'

I think that should work both ways.

And yes, I think further taxes on home owners are coming. And I would rather see it done on the basis of the actual square footage of the property than on its value.

Sionella · 01/06/2017 15:32

Yeah Alice, those dreadful top earners paying 27.7% of all income tax despite being about 0.5% of the population. Dreadful ghastly people.

Talk is cheap on the internet. I'm sure every single poster who claims to be one of the 0.5% and thrilled to pay more tax is genuine. But even if they are, do you really expect people to keep swallowing rise after rise? Because that IS what will happen. It is what always happens with labour governments.

PaintingByNumbers · 01/06/2017 15:32

dont worry unless you are the landed gentry, everyone else would be getting a smaller bill, theirs would be huge

ChardonnaysPrettySister · 01/06/2017 15:33

it's in the manifesto. There will be a "consideration". They will need money.

The only conclusion is that there will be Land Tax. Of course no one knows yet how high.

So yes, I am scared.

MovingOnUpMovingOnOut · 01/06/2017 15:36

Which page of the manifesto please? It's rather long so I don't want to waste time looking for something that actually isn't there.

As far as I was aware I thought it had been debunked as a myth by the Labour Party?

MaidOfStars · 01/06/2017 15:36

AFAIK Labour (and Greens and Lib Dems) have committed to considering it as an idea, but the figure of 3% is incorrect, it would be 0.85%
Have you got a source for the 0.85% figure?

Swipe left for the next trending thread