{"id":177,"date":"2015-12-13T06:13:09","date_gmt":"2015-12-13T06:13:09","guid":{"rendered":"https:\/\/www.thehouseshop.com\/property-blog\/no-mansion-tax-decision-by-chancellor\/"},"modified":"2018-02-19T07:47:03","modified_gmt":"2018-02-19T07:47:03","slug":"no-mansion-tax-decision-by-chancellor","status":"publish","type":"post","link":"https:\/\/www.thehouseshop.com\/property-blog\/no-mansion-tax-decision-by-chancellor\/","title":{"rendered":"No Mansion Tax Decision By Chancellor"},"content":{"rendered":"\n<!-- SEO Ultimate Plus (https:\/\/seoultimateplus.com) - Code Inserter module -->\n<script async>(function(s,u,m,o,j,v){j=u.createElement(m);v=u.getElementsByTagName(m)[0];j.async=1;j.src=o;j.dataset.sumoSiteId='b68b392479b5981b8acf46565e9fe32a0734fc21a1f7c1e60121eaa6ca1a1c64';v.parentNode.insertBefore(j,v)})(window,document,'script','\/\/load.sumo.com\/');<\/script>\n<!-- \/SEO Ultimate Plus -->\n\n<p class=\"MsoNormal\">Despite calls from his coalition partners, the Chancellor of the Exchequer has ruled out new UK <a class=\"wl-entity-page-link\" title=\"Property tax\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/property-tax\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/property_tax;http:\/\/rdf.freebase.com\/ns\/m.020shm;http:\/\/dbpedia.org\/resource\/Property_tax\" >property taxes<\/a>. In his Autumn Statement, George Osborne rejected calls to impose a new \u2018mansion tax\u2019 on high value properties, preferring to concentrate efforts on ensuring that the wealthy do not avoid paying Stamp Duty.<\/p>\n<p class=\"MsoNormal\">We look at the impact of the Autumn Statement on the UK property market.<\/p>\n<p class=\"MsoNormal\">Chancellor says \u2018no new homes tax\u2019<\/p>\n<p class=\"MsoNormal\">In his statement to the House of <a class=\"wl-entity-page-link\" title=\"common\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/common-land\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/common_land;http:\/\/rdf.freebase.com\/ns\/m.013c51;http:\/\/dbpedia.org\/resource\/Common_land\" >Commons<\/a>, Mr Osborne said that the introduction of a new property tax would be more trouble than it was worth as it would require the revaluation of thousands of <a class=\"wl-entity-page-link\" title=\"Home\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/home\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/home;http:\/\/rdf.freebase.com\/ns\/m.01l0mw;http:\/\/dbpedia.org\/resource\/Home\" >homes<\/a>.<\/p>\n<p class=\"MsoNormal\">He said: \u201cIn my view it would be intrusive, expensive to levy, raise little and the temptation for future chancellors to bring ever more homes into its net would be irresistible. So we\u2019re not having a new homes tax.\u201d<\/p>\n<p class=\"MsoNormal\">Instead, the Chancellor promised to clamp down on those that are avoiding paying stamp duty currently to increase the tax proceeds from UK property.<\/p>\n<p class=\"MsoNormal\">FT Adviser reports that \u2018the chancellor announced a <a title=\"\" href=\"https:\/\/www.gov.uk\/stamp-duty-land-tax-rates\" target=\"\">stamp duty<\/a> rise on multi-million pound homes already announced in Budget 2012 in March of this year, which raises stamp duty on homes worth more than \u00a32m to 7 per cent.\u2019<\/p>\n<p class=\"MsoNormal\">Nick Clegg and other Liberal Democrats had been urging Mr Osborne to introduce a number of measures to increase the tax revenues from wealthy Brits with large homes. The Deputy Prime Minister could be seen shaking his head in the Commons during Mr Osborne\u2019s speech.<\/p>\n<p class=\"MsoNormal\">Clearly the Chancellor believes that the introduction of a new property tax would be too complicated. By tackling the issue of stamp duty avoidance, he believes that he can raise tax revenues from people buying more expensive homes without the need for new legislation.<\/p>\n<p>Author : <a href=\"https:\/\/plus.google.com\/115654041100964611788?rel=author\">Nick Marr<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite calls from his coalition partners, the Chancellor of the Exchequer has ruled out new UK property taxes. In his Autumn Statement, George Osborne rejected calls to impose a new \u2018mansion tax\u2019 on high value properties, preferring to concentrate efforts<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/www.thehouseshop.com\/property-blog\/no-mansion-tax-decision-by-chancellor\/\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":41,"featured_media":178,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wl_entities_gutenberg":"","_lmt_disableupdate":"","_lmt_disable":"","spay_email":""},"categories":[17],"tags":[],"wl_entity_type":[602],"modified_by":null,"_wl_alt_label":[],"jetpack_featured_media_url":"https:\/\/www.thehouseshop.com\/property-blog\/wp-content\/uploads\/2015\/02\/no_mansion_tax_decision_by_chancellor.jpg","wl:entity_url":"http:\/\/data.wordlift.io\/wl0502\/post\/no_mansion_tax_decision_by_chancellor","_links":{"self":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/177"}],"collection":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/comments?post=177"}],"version-history":[{"count":4,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/177\/revisions"}],"predecessor-version":[{"id":14803,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/177\/revisions\/14803"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/media\/178"}],"wp:attachment":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/media?parent=177"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/categories?post=177"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/tags?post=177"},{"taxonomy":"wl_entity_type","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/wl_entity_type?post=177"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}