Fears new Labour property tax will hit the hardest workers, as Rachel Reeves’s minister refuses to rule out controversial new levy to replace stamp duty
Rachel Reeves encountered an angry reaction yesterday with the possible and very controversial shaking of property taxes.
The chancellor was warned that the proposals to change stamp tax by annual accusation in houses with more than £ 500,000 will damage the market and punish people who work hard to have their homes.
And one of the Treasury ministers refused to ignore the possibility of bringing radical change in the budget while trying to fill a black hole in public finances.
Prior to the last election, Emek promised to ‘not increase taxes on working people’ and increases in national insurance, income tax or VAT.
But this language seemed to soften yesterday. Shadow Chancellor Sir Mel Stide said: ‘Labor can try to thugs everything they want, but we know that they are preparing plans to raise taxes once again in the autumn budget.
‘Keir Starmer and Rachel Reeves promised that it would not increase taxes on working people, then brought £ $ 25 billion – this will leave the average working household people £ 3,500 worse.
`Now, after the boat welfare reforms and economic bad administrations, they are preparing to do it over and over again this autumn.
‘The British people can not only meet labor. Only conservatives believe in solid money and low taxes. ‘
Rachel Reeves face an angry reaction after it is revealed that real estate taxes are planned to be shaken radically
It was understood that MS Reeves asked the authorities to look at a potential revision of real estate taxes (stock photo)
Keir Starmer (in the picture) promised not to increase taxes to people working before
As part of the government’s efforts to fill the polls and increase economic growth, MS Reeves seems to have the authorities want to look at a potential revision of real estate taxes.
Already by economists, buyers were called to scrape the existing system that they had to pay thousands of pounds of stamp tax in home sales and prevented people from moving.
Guardian said that hosts with more than £ 500,000 may have to pay ‘proportional real estate tax’ based on the value of their property.
However, the sources reduced the allegations that Treasury officials looked at this proposal or threshold.
Sources also moved away from the suggestions of civil servants’ suggestions of a report published by Think-Tank Wardward last year, which suggested that only future owners could pay annual tax according to the value of the property instead of stamp tax.
In accordance with the plan put forward by Economist Professor Tim Leunig, the existing landlords would not be affected by the accusation, but if they sell in the future, buyers would pay the tax every year instead of stamp tax.
Kirstie Allsopp, location, location, location that emphasizes the TV server, reported an angry reaction to the reported plans
It aims to open the property market and make it cheaper by encouraging people in large houses to shrink.
TV presenter Kirstie Allsopp, chancellor potential new real estate taxes’ flying kites’ and the risk of the market is not to face the risk of the right to face, Times Radio: ‘Rachel’ın does not go after the houses.
“ The roof above these heads. And this government seems to want to punish people for making their sacrifices to buy their own homes. ‘
James Browne, a senior economic policy consultant of the Tony Blair Institute, said: ‘It would be politically difficult to replace it with a new annual property tax in houses with more than £ 500,000.
‘Either the rich in asset, but the long -term cash owners, who have been going to be poor, would be hit with much larger bills or if only one property was applied after changing hands, it would deterrence to take action as much as the stamp duty.’
Treasury Minister Torsten Bell told Sky News: ‘Tax decisions were taken by Chancellor. I will not start speculation on individual taxes. ‘
Last night, a treasure spokesman: ‘Basic, higher or additional income tax, employee national insurance or VAT rates to protect our promise to protect our promise to protect salaries for people working.’
