Miliband: Introduce a Mansion Tax on houses worth over £2ml

 
"We are going to have a mansion tax on the most expensive homes above 2ml."
Appearing on the ITV Leaders’ Debate in April 2015, Ed Miliband said: “I will have he mansion tax… That’s a clear promise from us.”

Mr Miliband reaffirmed his promise as he launched his party’s manifesto: “It’s right to ask those who can to pay a little bit more… [with] a mansion tax on the most expensive properties, worth over £2 million.”

From the Labour manifesto 2015: “A Mansion Tax on properties worth over £2 million… The threshold for the Mansion Tax will rise in line with house prices for these high-value properties, and those on lower incomes will be protected with a right to defer the charge until the property changes hands.”

Sources

“Britain can be better” – the full text of Miliband’s manifesto launch speech (LabourList.org)

Labour Party Manifesto 2015 (Labour.org.uk)

ITV Leaders' Debate (ITV.com)

 
 
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