The details of Labour’s mansion tax proposal remain, to put it politely, sketchy. Here’s the exchange between Andrew Neil and Sadiq Khan on the Sunday Politics on how Labour would work out which homes are worth more than two million pounds:
AN: Do you rule out a re-evaluation of all properties?
SK: There are a number of options to look into.
AN: Do you rule out a re-evaluation?
SK: If it meant those hardworking people having to pay more council tax then obviously it would be something we wouldn’t want to do, but there a number of ways of doing this, Andrew, for example, you could have a one pence levy on those whose properties are worth more than £2 million, for example, the Lib Dems have suggested having a 7% stamp duty on those whose properties are above £2 million and you’ve just given a third option which is re-evaluation of council tax bands.
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