{"id":196,"date":"2014-11-07T10:53:00","date_gmt":"2014-11-07T10:53:00","guid":{"rendered":"https:\/\/yogurttop.co.uk\/astonknowles\/news-and-views\/?p=196"},"modified":"2021-09-30T10:55:58","modified_gmt":"2021-09-30T09:55:58","slug":"mansion-tax-what-does-the-future-hold","status":"publish","type":"post","link":"https:\/\/astonknowles.com\/news-and-views\/property-news\/2014\/11\/07\/mansion-tax-what-does-the-future-hold\/","title":{"rendered":"MANSION TAX\u2026 WHAT DOES THE FUTURE HOLD?"},"content":{"rendered":"\n<p>Recently, both Labour and the Liberal Democrats have proposed the introduction of the controversial mansion tax which would see those living in properties worth more than \u00a32m facing an annual charge should either party win next year\u2019s General Election.<br>With a backlash from both party back benches and conflicting reports from key party members on how each party would implement the tax, confusion has abounded in Labour\u2019s ranks, while Nick Clegg has been accused of carrying out a U-turn as he now proposes higher council tax bands instead.<\/p>\n\n\n\n<p>Such confusion shows how potentially unfair and undoubtedly complicated various property taxes are. A revamp to the whole system is therefore more than overdue.<\/p>\n\n\n\n<p>The main issue critics have with the mansion tax regards its fairness. For example, should those that are asset rich but cash poor be forced to pay the tax? A couple in their sixties, say, may have been living in their house in London for 30 years and have seen the value of said house rise above \u00a32m. Their property may be valued highly in the current market conditions, but that doesn\u2019t necessarily mean they are multi-millionaires with the disposable income required to pay such a tax.<\/p>\n\n\n\n<p>The mansion tax is supposed to hit the richest in society, but critics say that might not necessarily be the case if all properties over the \u00a32m threshold are treated the same. It is also suggested that the tax is a misnomer as 10% of those properties in London that are valued at over \u00a32m are in fact one or two bedroom flats, not mansions at all.<\/p>\n\n\n\n<p>A recent survey hosted by Rightmove showed that 52% actually agreed that a mansion tax on people with homes valued at over \u00a32m would be fair. With around 88% of these residential properties over \u00a32m being located in London or the South East, it could be argued that many respondents outside of this area could be falling into the Politics of Envy where they believe those in \u00a32m+ properties are living an affluent lifestyle far in excess of their own whereas the reality is often very different.<br>The current bands state that a house with a value of up to \u00a340,000 pays an average of \u00a3845 in council tax, whilst a house valued at \u00a3320,001 and above pays \u00a32,536. The Lib Dems now propose that adding higher bands of council tax will improve fairness and will be more effective than a mansion tax.<\/p>\n\n\n\n<p>Whatever the outcome may be, 2015 looks set to be an interesting year as buyers, sellers and agents alike await the outcome of the General Election which is sure to affect the property market in a variety of ways.<\/p>\n\n\n\n<p>Source \u2013&nbsp;<a href=\"http:\/\/www.estateagenttoday.co.uk\/blogs\/1532-is-a-mansion-tax-the-wrong-way-to-go\">http:\/\/www.estateagenttoday.co.uk\/blogs\/1532-is-a-mansion-tax-the-wrong-way-to-go<\/a><\/p>\n<span class=\"synved-social-container synved-social-container-follow\"><a class=\"synved-social-button synved-social-button-follow synved-social-size-48 synved-social-resolution-single synved-social-provider-facebook nolightbox\" data-provider=\"facebook\" target=\"_blank\" rel=\"nofollow\" title=\"Follow us on Facebook\" href=\"https:\/\/www.facebook.com\/astonknowles\" style=\"font-size: 0px;width:48px;height:48px;margin:0;margin-bottom:5px;margin-right:5px\"><img loading=\"lazy\" decoding=\"async\" alt=\"Facebook\" title=\"Follow us on Facebook\" class=\"synved-share-image synved-social-image synved-social-image-follow\" width=\"48\" height=\"48\" style=\"display: inline;width:48px;height:48px;margin: 0;padding: 0;border: none;box-shadow: none\" src=\"https:\/\/astonknowles.com\/news-and-views\/wp-content\/plugins\/social-media-feather\/synved-social\/image\/social\/regular\/96x96\/facebook.png\" \/><\/a><a class=\"synved-social-button synved-social-button-follow synved-social-size-48 synved-social-resolution-single synved-social-provider-linkedin nolightbox\" data-provider=\"linkedin\" target=\"_blank\" rel=\"nofollow\" title=\"Find us on Linkedin\" href=\"https:\/\/www.linkedin.com\/company\/aston-knowles\" style=\"font-size: 0px;width:48px;height:48px;margin:0;margin-bottom:5px;margin-right:5px\"><img loading=\"lazy\" decoding=\"async\" alt=\"linkedin\" title=\"Find us on Linkedin\" class=\"synved-share-image synved-social-image synved-social-image-follow\" width=\"48\" height=\"48\" style=\"display: inline;width:48px;height:48px;margin: 0;padding: 0;border: none;box-shadow: none\" src=\"https:\/\/astonknowles.com\/news-and-views\/wp-content\/plugins\/social-media-feather\/synved-social\/image\/social\/regular\/96x96\/linkedin.png\" \/><\/a><a class=\"synved-social-button synved-social-button-follow synved-social-size-48 synved-social-resolution-single synved-social-provider-youtube nolightbox\" data-provider=\"youtube\" target=\"_blank\" rel=\"nofollow\" title=\"Find us on YouTube\" href=\"https:\/\/www.youtube.com\/@astonknowles8419\" style=\"font-size: 0px;width:48px;height:48px;margin:0;margin-bottom:5px;margin-right:5px\"><img loading=\"lazy\" decoding=\"async\" alt=\"youtube\" title=\"Find us on YouTube\" class=\"synved-share-image synved-social-image synved-social-image-follow\" width=\"48\" height=\"48\" style=\"display: inline;width:48px;height:48px;margin: 0;padding: 0;border: none;box-shadow: none\" src=\"https:\/\/astonknowles.com\/news-and-views\/wp-content\/plugins\/social-media-feather\/synved-social\/image\/social\/regular\/96x96\/youtube.png\" \/><\/a><a class=\"synved-social-button synved-social-button-follow synved-social-size-48 synved-social-resolution-single synved-social-provider-instagram nolightbox\" data-provider=\"instagram\" target=\"_blank\" rel=\"nofollow\" title=\"Check out our instagram feed\" href=\"https:\/\/www.instagram.com\/aston_knowles\/\" style=\"font-size: 0px;width:48px;height:48px;margin:0;margin-bottom:5px\"><img loading=\"lazy\" decoding=\"async\" alt=\"instagram\" title=\"Check out our instagram feed\" class=\"synved-share-image synved-social-image synved-social-image-follow\" width=\"48\" height=\"48\" style=\"display: inline;width:48px;height:48px;margin: 0;padding: 0;border: none;box-shadow: none\" src=\"https:\/\/astonknowles.com\/news-and-views\/wp-content\/plugins\/social-media-feather\/synved-social\/image\/social\/regular\/96x96\/instagram.png\" \/><\/a><\/span>","protected":false},"excerpt":{"rendered":"<p>Recently, both Labour and the Liberal Democrats have proposed the introduction of the controversial mansion tax which would see those living in properties worth more than \u00a32m facing an annual charge should either party win next year\u2019s General Election.With a backlash from both party back benches and conflicting reports from key party members on how [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":194,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-196","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.12 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>MANSION TAX\u2026 WHAT DOES THE FUTURE HOLD? - Aston Knowles<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/astonknowles.com\/news-and-views\/property-news\/2014\/11\/07\/mansion-tax-what-does-the-future-hold\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MANSION TAX\u2026 WHAT DOES THE FUTURE HOLD? - Aston Knowles\" \/>\n<meta property=\"og:description\" content=\"Recently, both Labour and the Liberal Democrats have proposed the introduction of the controversial mansion tax which would see those living in properties worth more than \u00a32m facing an annual charge should either party win next year\u2019s General Election.With a backlash from both party back benches and conflicting reports from key party members on how [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/astonknowles.com\/news-and-views\/property-news\/2014\/11\/07\/mansion-tax-what-does-the-future-hold\/\" \/>\n<meta property=\"og:site_name\" content=\"Aston Knowles\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/astonknowles\" \/>\n<meta property=\"article:published_time\" content=\"2014-11-07T10:53:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-09-30T09:55:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/astonknowles.com\/news-and-views\/wp-content\/uploads\/2021\/09\/nick-romanov-_hw4aUQ81ic-unsplash.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2400\" \/>\n\t<meta property=\"og:image:height\" content=\"1602\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Aston Knowles\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Aston Knowles\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/astonknowles.com\/news-and-views\/property-news\/2014\/11\/07\/mansion-tax-what-does-the-future-hold\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/astonknowles.com\/news-and-views\/property-news\/2014\/11\/07\/mansion-tax-what-does-the-future-hold\/\"},\"author\":{\"name\":\"Aston Knowles\",\"@id\":\"https:\/\/astonknowles.com\/news-and-views\/#\/schema\/person\/8b6c69ee29f0df49bb62a3996b159023\"},\"headline\":\"MANSION TAX\u2026 WHAT DOES THE FUTURE HOLD?\",\"datePublished\":\"2014-11-07T10:53:00+00:00\",\"dateModified\":\"2021-09-30T09:55:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/astonknowles.com\/news-and-views\/property-news\/2014\/11\/07\/mansion-tax-what-does-the-future-hold\/\"},\"wordCount\":458,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/astonknowles.com\/news-and-views\/#organization\"},\"articleSection\":[\"Property News\"],\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/astonknowles.com\/news-and-views\/property-news\/2014\/11\/07\/mansion-tax-what-does-the-future-hold\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/astonknowles.com\/news-and-views\/property-news\/2014\/11\/07\/mansion-tax-what-does-the-future-hold\/\",\"url\":\"https:\/\/astonknowles.com\/news-and-views\/property-news\/2014\/11\/07\/mansion-tax-what-does-the-future-hold\/\",\"name\":\"MANSION TAX\u2026 WHAT DOES THE FUTURE HOLD? - Aston Knowles\",\"isPartOf\":{\"@id\":\"https:\/\/astonknowles.com\/news-and-views\/#website\"},\"datePublished\":\"2014-11-07T10:53:00+00:00\",\"dateModified\":\"2021-09-30T09:55:58+00:00\",\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/astonknowles.com\/news-and-views\/property-news\/2014\/11\/07\/mansion-tax-what-does-the-future-hold\/\"]}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/astonknowles.com\/news-and-views\/#website\",\"url\":\"https:\/\/astonknowles.com\/news-and-views\/\",\"name\":\"Aston Knowles\",\"description\":\"Property Updates\",\"publisher\":{\"@id\":\"https:\/\/astonknowles.com\/news-and-views\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/astonknowles.com\/news-and-views\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/astonknowles.com\/news-and-views\/#organization\",\"name\":\"Aston Knowles\",\"alternateName\":\"Chartered Surveyors and Estate Agents\",\"url\":\"https:\/\/astonknowles.com\/news-and-views\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/astonknowles.com\/news-and-views\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/astonknowles.com\/news-and-views\/wp-content\/uploads\/2025\/09\/Aston-Knowles-Master-Logo-e1758099884518.jpg\",\"contentUrl\":\"https:\/\/astonknowles.com\/news-and-views\/wp-content\/uploads\/2025\/09\/Aston-Knowles-Master-Logo-e1758099884518.jpg\",\"width\":569,\"height\":472,\"caption\":\"Aston Knowles\"},\"image\":{\"@id\":\"https:\/\/astonknowles.com\/news-and-views\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/astonknowles\",\"https:\/\/www.instagram.com\/aston_knowles\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/astonknowles.com\/news-and-views\/#\/schema\/person\/8b6c69ee29f0df49bb62a3996b159023\",\"name\":\"Aston Knowles\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/astonknowles.com\/news-and-views\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/1abdeef99333f0d12d0d4531f839115a186291fb44fad092ff71d69019b25a66?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/1abdeef99333f0d12d0d4531f839115a186291fb44fad092ff71d69019b25a66?s=96&d=mm&r=g\",\"caption\":\"Aston Knowles\"},\"sameAs\":[\"https:\/\/yogurttop.co.uk\/astonknowles\/news-and-views\"],\"url\":\"https:\/\/astonknowles.com\/news-and-views\/author\/aston-knowles\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"MANSION TAX\u2026 WHAT DOES THE FUTURE HOLD? - Aston Knowles","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/astonknowles.com\/news-and-views\/property-news\/2014\/11\/07\/mansion-tax-what-does-the-future-hold\/","og_locale":"en_GB","og_type":"article","og_title":"MANSION TAX\u2026 WHAT DOES THE FUTURE HOLD? - Aston Knowles","og_description":"Recently, both Labour and the Liberal Democrats have proposed the introduction of the controversial mansion tax which would see those living in properties worth more than \u00a32m facing an annual charge should either party win next year\u2019s General Election.With a backlash from both party back benches and conflicting reports from key party members on how [&hellip;]","og_url":"https:\/\/astonknowles.com\/news-and-views\/property-news\/2014\/11\/07\/mansion-tax-what-does-the-future-hold\/","og_site_name":"Aston Knowles","article_publisher":"https:\/\/www.facebook.com\/astonknowles","article_published_time":"2014-11-07T10:53:00+00:00","article_modified_time":"2021-09-30T09:55:58+00:00","og_image":[{"width":2400,"height":1602,"url":"https:\/\/astonknowles.com\/news-and-views\/wp-content\/uploads\/2021\/09\/nick-romanov-_hw4aUQ81ic-unsplash.jpg","type":"image\/jpeg"}],"author":"Aston Knowles","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Aston Knowles","Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/astonknowles.com\/news-and-views\/property-news\/2014\/11\/07\/mansion-tax-what-does-the-future-hold\/#article","isPartOf":{"@id":"https:\/\/astonknowles.com\/news-and-views\/property-news\/2014\/11\/07\/mansion-tax-what-does-the-future-hold\/"},"author":{"name":"Aston Knowles","@id":"https:\/\/astonknowles.com\/news-and-views\/#\/schema\/person\/8b6c69ee29f0df49bb62a3996b159023"},"headline":"MANSION TAX\u2026 WHAT DOES THE FUTURE HOLD?","datePublished":"2014-11-07T10:53:00+00:00","dateModified":"2021-09-30T09:55:58+00:00","mainEntityOfPage":{"@id":"https:\/\/astonknowles.com\/news-and-views\/property-news\/2014\/11\/07\/mansion-tax-what-does-the-future-hold\/"},"wordCount":458,"commentCount":0,"publisher":{"@id":"https:\/\/astonknowles.com\/news-and-views\/#organization"},"articleSection":["Property News"],"inLanguage":"en-GB","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/astonknowles.com\/news-and-views\/property-news\/2014\/11\/07\/mansion-tax-what-does-the-future-hold\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/astonknowles.com\/news-and-views\/property-news\/2014\/11\/07\/mansion-tax-what-does-the-future-hold\/","url":"https:\/\/astonknowles.com\/news-and-views\/property-news\/2014\/11\/07\/mansion-tax-what-does-the-future-hold\/","name":"MANSION TAX\u2026 WHAT DOES THE FUTURE HOLD? - Aston Knowles","isPartOf":{"@id":"https:\/\/astonknowles.com\/news-and-views\/#website"},"datePublished":"2014-11-07T10:53:00+00:00","dateModified":"2021-09-30T09:55:58+00:00","inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/astonknowles.com\/news-and-views\/property-news\/2014\/11\/07\/mansion-tax-what-does-the-future-hold\/"]}]},{"@type":"WebSite","@id":"https:\/\/astonknowles.com\/news-and-views\/#website","url":"https:\/\/astonknowles.com\/news-and-views\/","name":"Aston Knowles","description":"Property Updates","publisher":{"@id":"https:\/\/astonknowles.com\/news-and-views\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/astonknowles.com\/news-and-views\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/astonknowles.com\/news-and-views\/#organization","name":"Aston Knowles","alternateName":"Chartered Surveyors and Estate Agents","url":"https:\/\/astonknowles.com\/news-and-views\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/astonknowles.com\/news-and-views\/#\/schema\/logo\/image\/","url":"https:\/\/astonknowles.com\/news-and-views\/wp-content\/uploads\/2025\/09\/Aston-Knowles-Master-Logo-e1758099884518.jpg","contentUrl":"https:\/\/astonknowles.com\/news-and-views\/wp-content\/uploads\/2025\/09\/Aston-Knowles-Master-Logo-e1758099884518.jpg","width":569,"height":472,"caption":"Aston Knowles"},"image":{"@id":"https:\/\/astonknowles.com\/news-and-views\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/astonknowles","https:\/\/www.instagram.com\/aston_knowles\/"]},{"@type":"Person","@id":"https:\/\/astonknowles.com\/news-and-views\/#\/schema\/person\/8b6c69ee29f0df49bb62a3996b159023","name":"Aston Knowles","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/astonknowles.com\/news-and-views\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/1abdeef99333f0d12d0d4531f839115a186291fb44fad092ff71d69019b25a66?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/1abdeef99333f0d12d0d4531f839115a186291fb44fad092ff71d69019b25a66?s=96&d=mm&r=g","caption":"Aston Knowles"},"sameAs":["https:\/\/yogurttop.co.uk\/astonknowles\/news-and-views"],"url":"https:\/\/astonknowles.com\/news-and-views\/author\/aston-knowles\/"}]}},"_links":{"self":[{"href":"https:\/\/astonknowles.com\/news-and-views\/wp-json\/wp\/v2\/posts\/196","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/astonknowles.com\/news-and-views\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/astonknowles.com\/news-and-views\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/astonknowles.com\/news-and-views\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/astonknowles.com\/news-and-views\/wp-json\/wp\/v2\/comments?post=196"}],"version-history":[{"count":1,"href":"https:\/\/astonknowles.com\/news-and-views\/wp-json\/wp\/v2\/posts\/196\/revisions"}],"predecessor-version":[{"id":197,"href":"https:\/\/astonknowles.com\/news-and-views\/wp-json\/wp\/v2\/posts\/196\/revisions\/197"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/astonknowles.com\/news-and-views\/wp-json\/wp\/v2\/media\/194"}],"wp:attachment":[{"href":"https:\/\/astonknowles.com\/news-and-views\/wp-json\/wp\/v2\/media?parent=196"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/astonknowles.com\/news-and-views\/wp-json\/wp\/v2\/categories?post=196"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/astonknowles.com\/news-and-views\/wp-json\/wp\/v2\/tags?post=196"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}