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...

Starting work at 4pm Chardonnay? Lovely being a toff isn't it? Ta ra!

Tiggy - where is long term figure suggested?

its the usual hammer people in the south routine that labour bring in. ignore the fact that our relatives in cheap area of wales actually have a higher standard of living in some ways due to cheap housing.......but then they vote labour so lets hand out loads of dosh to them and hammer people in london and SE as they don't vote labour anyway.

Hyperbole and paic mongering.

"Corbyn is coming for your garden!! Whooooooo!"

Sionella - given that I've been hit and hit and hit by Tory cuts, no I will not feel shame for preferring that my very rich landlord pays my council tax.

Wales? Where 1 in 4 people live in poverty?

So someone with a market garden business is rich? Someone with a riding stables? I heard on the radio that people like this would be clobbered

You do know that NOTHING has been announced? No costings, no percentage, nothing....

Just a line about looking at in the manifesto...

Well I heard on the radio that they're going to charge everyone three unicorns and a million billion pounds.

Except I obviously didn't as it's a potential review, not a policy. It would be political suicide to end up in a poll tax type situation. Whatever they plan it's going to have to be affordable. Not that they're going to win so it's a moot point.

Meanwhile all the tories have costed is the price of 13 cornflakes for a primary school child's breakfast.

Sionella - given that I've been hit and hit and hit by Tory cuts, no I will not feel shame for preferring that my very rich landlord pays my council tax.

They won't though. The cost will be passed on.

I'm sure, piglet, and then the housing benefit bill will rise even further.

"but then they vote labour so lets hand out loads of dosh to them and hammer people in london and SE as they don't vote labour anyway."

...I thought that many people in London did vote Labour?
Is Labour the party of the metropolitan liberal elite, or are they the party of those jammy bastards in the Welsh valleys? Its like Schrodinger's socialist.

It is only a discussion. No definitive figured and even if it did it would only be on the value of land not full property price.
I am not worried.

clairethewitch70 if your land is unusable woodland it will be of low value so a tax on it would be low - if its so unusable you could sell it for a tiny sum and be rid - why would that worry you?

At least you admit it, I suppose.

Squishy, I just lost a long reply and I can't really be bothered to repeat it all but in short

Yes housing needs change but not everyone wants to downsize at 60 or is able to and it's not even much of a downsize in some cases, a two bed ground floor garden flat could be worth over half a million! But it's not just old people anyway. Housing prices have gone so inflated that plenty of "the many" could be in a similar situation in London.

I just don't think pricing average joe (old or otherwise) out of their own home is what most labour supporters would want.

as always, the devil is int he detail, but as the detail isn't provided it's not unreasonable for people (average joe, not millionaires) to Worry without being accused of being Tory scaremongers.

That's all I really came on to thread to say so will leave it there.

I just don't think pricing average joe (old or otherwise) out of their own home is what most labour supporters would want.
What nonsense.

I'm not (particularly!) old and not yet ready to downsize with dcs at school! And who would we sell to with a massive annual land tax bill? There would be many, many homes on the market and thousands trying desperately to downsize... so the properties with less land would command a higher price.

All this talk of "the rich" but this tax would really hit everybody - not just affluent OAPs. We couldn't afford to pay.

What nonsense.

Why is it nonsense?

Ah!
You have no idea what I do for a living.
It's low paid, generally not recommended to anyone if a weak disposition.
As for toff, my parents so left wing they make Corbyn look like Theresa May.

It sounds like exactly what a lot of labour supporters would want. Talk about the politics of envy!

Agree with tiggy

"I just don't think pricing average joe (old or otherwise) out of their own home is what most labour supporters would want"

No, and I don't think it is what they would do either.
Yes, it does not specifically say in their manifesto that they wont tax Londoners in modest houses £thousands a year, but it doesn't specifically say that they won't sacrifice our first born children to the lizard king either. (The Tory manifesto doesn't rule that out either, btw).
Saying that different options may be considered is not the same as saying that they will definitely happen in the most extreme, scary way you can imagine.