Do you have a couple of spare bedrooms? Or maybe a large garden you enjoy cultivating? Jeremy Corbyn would like to tax you for such privileges, to discourage “over-consumption of housing. ” If Labour wins the next election, you can forget about keeping your house in retirement and having space for the grandchildren to stay, unless you are assured of a big enough income to meet the tax bill.
An official report produced for the Labour Party laments what it describes as our “broken” system of land ownership and proposes to replace council tax with a “progressive property tax”, set nationally and based on regularly updated values. Payable by owners but not by tenants, the tax would also be significantly...
