{"id":696,"date":"2015-08-23T00:00:00","date_gmt":"2015-08-23T00:00:00","guid":{"rendered":"https:\/\/www.thehouseshop.com\/property-blog\/tax-on-million-pound-houses\/"},"modified":"2016-09-08T14:03:07","modified_gmt":"2016-09-08T14:03:07","slug":"tax-on-million-pound-houses","status":"publish","type":"post","link":"https:\/\/www.thehouseshop.com\/property-blog\/tax-on-million-pound-houses\/","title":{"rendered":"Tax on Million Pound Houses"},"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><span style=\"font-family: Verdana; font-size: 10pt;\"><img loading=\"lazy\" title=\"Million pound homes tax \" src=\"\/uploads\/media\/Million pund homes.jpg\" alt=\"\" width=\"250\" height=\"166\" longdesc=\"Million pound homes tax \" align=\"right\" border=\"0\" \/>The Liberal Democrats have proposed a new tax on properties worth more than \u00a31 million. It is estimated that this tax will raise an additional \u00a31.25 billion a year. Liberal Democrat leader Nick Clegg proposed the tax and recently spoke about it on BBC\u2019s Radio 4 Today program, noting that \u201cIt\u2019s a fairer tax that Labour should have done 10 years ago in the interest of a fair society.\u201d <\/span><\/p>\n<p class=\"style47\" align=\"left\"><span style=\"font-family: Verdana; font-size: 10pt;\">\u201cIt affects 1 percent of property owners in this country and it is for a purpose,\u201d he said. \u201cThe purpose is fairness.\u201d<\/span><\/p>\n<p class=\"style47\" align=\"left\"><span style=\"font-family: Verdana; font-size: 10pt;\">Clegg said that assessing the tax would be easy using land registry documents to determine property values. The new tax would be assessed on some 250,000 properties, according to the party.<\/span><\/p>\n<p class=\"style47\" style=\"margin-bottom: 0px;\" align=\"left\"><span style=\"font-family: Verdana; font-size: 10pt;\">The proposed tax will be taxed at a rate of 0.5 percent on the value of the properties over \u00a31 million. A homeowner with a property that is worth more than 1 million will pay the additional tax on whatever the value over the first 1 million. Properties worth \u00a31 over \u00a31 million will\u00a0 pay 0.5 percent of \u00a31, or half a pence and so on.<\/span><\/p>\n<p style=\"margin-top: 0px; margin-bottom: 0px;\">\n<p class=\"style47\" style=\"margin-top: 0px; margin-bottom: 0px;\" align=\"left\"><span style=\"font-family: Verdana; font-size: 10pt;\">\u00a9 <\/span><a href=\"http:\/\/www.thelittlehousecompany.co.uk\/news\/uk-housing-market-news.htm\"><span style=\"font-family: Verdana; font-size: 10pt;\">Housing Market News<\/span><\/a><span style=\"font-family: Verdana; font-size: 10pt;\"> by The\u00a0House Shop<\/span><\/p>\n<p style=\"margin-top: 0px;\" align=\"left\">\n<p class=\"style49\" style=\"margin-bottom: 0px;\" align=\"left\"><span style=\"font-family: Verdana, Arial, Helvetica, sans-serif;\"><a href=\"http:\/\/www.thelittlehousecompany.co.uk\/home-information-packs.htm\"><span style=\"font-family: Verdana; font-size: 10pt;\">Home Information Packs <\/span><\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Liberal Democrats have proposed a new tax on properties worth more than \u00a31 million. It is estimated that this tax will raise an additional \u00a31.25 billion a year. Liberal Democrat leader Nick Clegg proposed the tax and recently spoke<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/www.thehouseshop.com\/property-blog\/tax-on-million-pound-houses\/\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wl_entities_gutenberg":"","_lmt_disableupdate":"","_lmt_disable":"","spay_email":""},"categories":[16],"tags":[],"wl_entity_type":[602],"modified_by":null,"_wl_alt_label":[],"jetpack_featured_media_url":"","wl:entity_url":"http:\/\/data.wordlift.io\/wl0502\/post\/tax_on_million_pound_houses","_links":{"self":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/696"}],"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=696"}],"version-history":[{"count":4,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/696\/revisions"}],"predecessor-version":[{"id":8236,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/696\/revisions\/8236"}],"wp:attachment":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/media?parent=696"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/categories?post=696"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/tags?post=696"},{"taxonomy":"wl_entity_type","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/wl_entity_type?post=696"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}