Tuesday, May 30, 2017

Labour Plans 'A Garden Tax'.

The proposal hidden in the small print of Labour’s far Left manifesto could force people to sell their gardens and yards to avoid spiralling bills and could put many people into negative equity with their mortgages.
It comes despite claims by shadow Chancellor John McDonnell that a Labour government would not add to the taxes of people earning below £80,000.
But behind the income tax pledge is a proposal to gradually introduce a tax raid on their properties which is set to hit pensioners hardest.
The concerns have been raised after analysis of the Labour plans to introduce a Land Value Tax (LVT) - dubbed the garden tax - which eventually will be based on three per cent of the value of land for each property. Express.