Representing HNW/UHNW residential property buyers in Prime Central London. Plus the odd political rant, car tweet and anything North Norfolk. 🇬🇧🏴
@AlanJLSmith There is so much tax revenue the Govt is missing out on. Not just SDLT but all the associated costs of one house move - VAT and tax on profits.
Labour want to TAX you every single year just for owning your home
If your home is worth more than £500,000, Labour want you to pay 0.54% EVERY year.
Here’s what that looks like:
↳ £550,000 = £2,970 a year
↳ £600,000 = £3,240 a year
↳ £700,000 = £3,780 a year
↳ £800,000 = £4,320 a year
↳ £1,000,000 = £5,400 a year
Just for OWNING your home
You’ve already paid stamp duty, income tax, council tax… now forced to pay this new property tax
This is a SCAM by the government