Andrew Tyrie, chairman of the Commons Treasury Committee, has backed calls for the chancellor to consider increasing council tax on expensive homes and mansions. The current system, where a multi-million-pound London penthouse is subject to the same rate as a large suburban family home was ‘hard to justify’.
David Cameron had previously ruled out a mansions tax (one of his coalition partners’ flagship policies) or an increase in council tax for high-value properties.
The Financial Times (12 November) reported that an increase in tax on high-end properties may be required in order to push through a deal with the Liberal Democrats on further benefits cuts.
Andrew Tyrie, chairman of the Commons Treasury Committee, has backed calls for the chancellor to consider increasing council tax on expensive homes and mansions. The current system, where a multi-million-pound London penthouse is subject to the same rate as a large suburban family home was ‘hard to justify’.
David Cameron had previously ruled out a mansions tax (one of his coalition partners’ flagship policies) or an increase in council tax for high-value properties.
The Financial Times (12 November) reported that an increase in tax on high-end properties may be required in order to push through a deal with the Liberal Democrats on further benefits cuts.
