To be scared of Labours Land tax

[Dragongirl10]

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...

Not everyone has masses of equity in their property. And, if anyone cares to look at Rightmove, quite mediocre properties in the south east are worth - in house and land value - £££££.

www.rightmove.co.uk/property-for-sale/property-60086026.html

The property is in zone 6, and I just picked it randomly, as a case of an ordinary-looking house (although improved inside) but with a big garden. Many people on MN appear to think that a £1m house is mansion territory. It is so not if you are within hailing distance of a station. This is the sort of property that would attract a mahoosive land tax bill.

How would the money be collected? Many people would not be able to pay without releasing equity, or moving, all of which take time.

My belief, pigletjohn, is that true labour are a race to the bottom. they aren't interested in raising people up. They just want to spend other people's money (and we all know what thatcher said about that!).

They aren't interested in improving council tax (and I say that as someone who pays a high whack of council tax but uses v few of the services). They are interested in increasing revenue.

All governments are, of course. But corbyn et al want to increase it more and spunk it higher up the wall than others IMO.

Cement

I see you too have fallen into the trap of believing the fantasy in the tory election journals.

Have a look at the manifesto.

You are guessing that the numbers you read are true. But they are just made up to frighten you.

I am at a loss to understand how councils can justify these salaries. It can only get worse. I'll be blowed if I can understand how it is ok to close the public library yet fine to pay people the sums as detailed below:

There were at least 3,483 council employees who received total remuneration in excess of £100,000.
There were 537 council employees who received remuneration in excess of £150,000.
23 council employees received remuneration in excess of £250,000.
The local authority with the most employees in receipt of remuneration over £100,000 in was the Haringey with 68.
There were 130 councils with at least 10 employees who received more than £100,000.
The council with the largest total remuneration package in the UK in 2013-14 was Jill Stannard, Chief Executive of Cumbria County Council - £411,025.

Haringey - labour
Cumbria - labour/lib dem
£200k for head of Liverpool - labour

Lather, rinse (the tax payer), repeat.

Now I don't object to paying good salaries - otherwise you don't get good people. That's why I wouldn't slash MP salaries, although I would make some elements of them performance based. But it really sticks in the throat for labour politicians to earn so much money from politics! I would include Blair with that, but he's no more labour than I am.

LadyinCement
Dont you know the difference between 'renumeration' for someone retiring including pension and severage, and 'salary'?

Are people who insist on still being scared and who are determined that we'll all be bankrupted by a more expensive version of council tax not reading the links people are posting? Hornytortoise posted some good ones very recently pointing out that council tax reform has been being considered (as is the suggestion in the manifesto - merely that it will be considered) for many years, and that there will always been winners and losers and that the current way of doing it is by no means the definitive, "fair" or even rational way of doing things... and that even with all this, most people will actually better off??

Land tax isn't likely to affect people with a normal sized house and even a reasonable garden.

It will affect people who buy up massive property portfolios (and I'm quite happy about that because that inflates house prices, charge high enough rent that people struggle to save to get on the housing later and if you have a property portfolio you aren't short of a fee quid) and people with mansions and lots of inherited land that keeps their families horrifically rich buy not paying tax. You know the very wealthiest don't pay thir share.

All labour want to do is find a fairer way of doing council tax. If that means when I move house I pay a little bit more then fine. I'm not loaded, but happy to pay a little bit more if it helps others.

The only people who get worried about a fairer system are people who do disproportionately well out of the current one. (Exception being income tax. I would love to see the higher rate kick in at a higher salary and replace the current higher rate with a middle rate).

It would be based on the value of your land UNDEVELOPED, so does not take what is built on the land into account, so it would work out much much cheaper than council tax for people who have large, high value properties built on that land.

thanks for clarifying your "belief" Sionella
But corbyn et al want to increase it more and spunk it higher up the wall than others IMO.

So your prejudice is in fact not based on the fantasy figures in the tory election publications, and will be unaffected by anyone pointing out that they have no basis in the labour manifesto and were carefully timed to frighten the voters in the week before an election.

You just want to believe that Labour are the spawn of Satan, and will circulate any nonsense to attack them.

Tiggy - why would the 3% figure be used? The paper says 0.85% for a residential property.

Rikalaily
And people who go around buying up land to flog later to housing developers.

tiggy
Surely the point is if you can afford a million pound house in central London and the cost of living in central London you aren't exactly on the breadline.

Eg. A 3 bed terrace round my nice area is £80,000-120,000. The land is cheaper so they would pay less probably.

And the Labour party, to my knowledge, haven't finalised all the details because it's something they've said they want to explore.

ah, so someone whose views differ from yours holds a "prejudice" now? what an interesting insight into how you think.

Show me an example of a real labour government who didn't leave the economy in tatters. THAT's what my views are based on. history and experience.

I won't be voting Tory, btw. But if your dinosaur does manage to lumber into power, everyone who can't leave will realise yet again why socialist governments just don't work.

www.taxpayersalliance.com/income_tax_burden_increasingly_unequal

Alice

the 3% figure would be used by somebody wishing to maximise the fear impact of a made up story.

Neither of the figures is found in the manifesto, in the same way that the Tory manifesto does not mention the £6bn target from selling off NHS hospitals and other assets mentioned in the Naylor report.

The Tories have doubled the National Debt.

Middle class families are paying more tax under the Tories

www.telegraph.co.uk/finance/personalfinance/tax/11576146/The-stealth-taxes-that-have-risen-by-up-to-80pc.html

www.mirror.co.uk/news/politics/tories-lining-up-significant-tax-10296651

Of course DJ Because the tories need to get money from somewhere and they're not going to .are themselves or their loaded mates pay a fair share of tax and they're not going to make big corporations pay lots of tax.
Middle incomes will be screwed by the tories because the tories are trying to appeal to low income earners whilst letting their fat cat like Philip Green mates get away with raiding the pension pots of workers and stashing his money off shore.

I'm not Corbyn's biggest fan but anyone who wants to make sure ALL elements of society pay their way gets points from me.

And if, as some posters are keen to point out, there would be more winners than losers, the more the likelihood of the 3% figure being necessary.

but not the superrich.

Notorious tax-dodging billionaire Viscount Rothermere, boss of the Daily Mail, doesn't pay tax. It would be painful to him if his country mansion or luxury London home were hit by higher charges, because unlike the rest of his wealth and income, he can't move them out of the country.

I'm sounding like fil here, but "They're all as bad as each other."

I'm thinking of going to live off grid in a caravan. The Labour manifesto says it will offer protected rights to travellers so I'll be able to pootle around in my caravan and pitch up wherever I like without paying any land tax.

In life, nothing is certain but death and taxes.