2012-06-10 11:35:41 UTC
Does anyone or is anyone a member of labour here know about it's policy to change council tax ?
I heard and read from news (not confirmed ) labour wanted to (when in power ) or next time they are , to replace council tax and put in place pure property tax at 1% of your home value , to all homeowners (renters not liable as landlords will pay it)?
And revaluation every 5 or 10 years so anyone improvement you make oh your home will mean more tax !
And there will be no benefit rebate exemption for when you loose your Job loss of income or retired, you would simply have to defer it with interest so when you sell up or die the government (or local council) takes their share !
Currently with council tax pensioners who's cash savings or income is below a certain limit don't pay council tax same as unemployed ,
But with this "property tax" no rebate will be available , so all your hard earned paid of 30years mortgage would go to the state not your loved ones,
Anyway when they were in power they considered it but didn't do it , but is it likely they would do it next time in power ?