Forget Mansion Tax; an extra £600m from an extension to Council Tax banding would be much more sensible, says prime property’s man of the moment Trevor Abrahmsohn, exclusively for PrimeResi.
Vince Cable’s idea of Mansion Tax could be one of the daftest and most damning tax ideas in recent times that would have a profound effect on the property market. However, if it were proposed to extend the Council Tax banding further, it wouldn’t be such a silly idea and would raise some money in these austere times.
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