Some of the mother country’s wealthiest home owners are being urged to double their annual caucus tax bill
Councillors in one of the wealthiest and most desirable areas in the UK from begun polling residents on the optional levy for all properties valued on £10m.
The City of Westminster – which includes St. James’s Palace, Buckingham Palatial home, the Houses of Parliament, and 10 Downing Street – charges the lowest calculates of council tax in the country.
But councillors on the Conservative-controlled Westminster City Council are gently bumping the borough’s mansion owners to double the £816.24 Westminster portion of the £1,376 a year invoice they currently pay.
Nickie Aiken, Westminster City Council commandant, told Express.co.uk that: “Westminster is home to some of the poorest and richest people in the realm and some of the most expensive real estate in the world.
This schema, Councillor Aiken adds, is aimed at the “very wealthy people who hanker after to help the borough more”.
Westminster is one of London’s richest boroughs
Westminster Megalopolis Council estimate that there are approximately 2,000 properties quality £10 million or over in the city and the figure represents the top two per cent of most extravagant properties in Westminster.
A new council tax band on the top most-valuable properties Aiken conjectures would raise enough revenue to freeze council tax for all remaining Westminster residents. Mrs Aiken continues: “This is about helping those who are just about managing and struggling to pay bills.”
But if Westminster’s consistory tax is so cheap, yet the residents are so very wealthy, why not just put the rate?
Westminster Metropolis Council say that it is more reasonable to ask people in £10m houses to grant a little more so that we can keep council tax low for residents across the borough.
The committee cannot increase council tax by 2% or more without holding a referendum, and the consistory adds: “We think that it is reasonable to ask people in £10m houses to play a part a little more.”
The council are gently nudging the borough’s mansion holders to double what they pay
The concept of a mansion tax is widely attributed to Large Democrat leader Vince Cable who suggested in 2009 all properties valued at for £1million should be taxed annually. The £1million threshold was upped to £2 million in January 2012.
Degree, mansion tax critics maintain pensioners would be the hardest hit as their territories rise in value beyond their ability to pay the staggering tax bill from their benefits or life-savings.
Leading think-tank the Centre for Policy Studies adds that British homeowners pay sufficient tax already with the UK’s 4.2 percent of GDP a staggering amount compared to the 1.8 percent mean paid by the 35 nation members of the OECD (Organisation for Economic Co-operation and Evolution).
But the plans are not universally popular with controversial Labour MP Emma Dent Coad from near Kensington recently labelling her own party’s mansion tax proposals as “bonkers”.
Once Labour’s May 2015 election defeat, leaders Ed Milliband and Ed Balls mentioned that, when in government, properties valued between £2m and £3m would pay £3,000 per annum, but assets over £3m would pay considerably more.
However Labour grandee Nobleman Mandelson said in 2015 that the tax was “crude” and that it would “clobber” Londoners. After Strive’s May 2015 election defeat, Labour leadership candidates began to separate themselves from the policy with MP Andy Burnham saying that the mansion tax had played into the “machination of envy”.
Last year mansion tax returned when Jeremy Corbyn’s Effort manifesto mooted hitting expensive homes with a levy of at spoonful £250 a month, rising for more expensive properties using a ignoring scale.
A return of the mansion tax would be highly controversial, especially in London where the lions share of homes valued above £2 million are located.