Satch
MB Enthusiast
- Joined
- Nov 24, 2003
- Messages
- 3,508
- Location
- Surrey
- Car
- S211 E320Cdi Avantgarde Estate & Toyota Land Cruiser
This is horrible and despite all denials is planned for all of us. It will increase Poll tax charges hugely for many and is nothing more than a Wealth Tax raised on the value of your house. So if you are a pensioner who happens to live in an expensive part of the UK, tough.
http://www.telegraph.co.uk/news/mai...tax20.xml&sSheet=/news/2005/06/20/ixhome.html
Shortly before the election, in a move that received virtually no publicity in England, the Government proposed changing the system in Northern Ireland so that owners pay in exact proportion to the value of their property. A tax rate of 0.78 per cent applied to the capital value of a home would result in a £390 a year bill for someone living in a house worth £50,000, £1,170 a year for a house worth £150,000 and £3,900 a year for a house worth £500,000.
Last year Ian Pearson, a Northern Ireland minister, said: "It is likely there will be some significant shifts in rate bills, particularly at the top end of the market. It is only fair that those who can afford to pay do pay a fairer share as soon as possible."
Mrs Spelman said: "It is becoming clearer by the day that Labour will use the Lyons review to increase the tax burden on the middle classes and turn a local services tax into a crude wealth tax.
.
http://www.telegraph.co.uk/news/mai...tax20.xml&sSheet=/news/2005/06/20/ixhome.html
Shortly before the election, in a move that received virtually no publicity in England, the Government proposed changing the system in Northern Ireland so that owners pay in exact proportion to the value of their property. A tax rate of 0.78 per cent applied to the capital value of a home would result in a £390 a year bill for someone living in a house worth £50,000, £1,170 a year for a house worth £150,000 and £3,900 a year for a house worth £500,000.
Last year Ian Pearson, a Northern Ireland minister, said: "It is likely there will be some significant shifts in rate bills, particularly at the top end of the market. It is only fair that those who can afford to pay do pay a fairer share as soon as possible."
Mrs Spelman said: "It is becoming clearer by the day that Labour will use the Lyons review to increase the tax burden on the middle classes and turn a local services tax into a crude wealth tax.
.