POLL - Do you support Labour leader Ed Miliband’s mansion tax plans?
- Credit: PA Wire/Press Association Images
Labour leader Ed Miliband has promised 8,000 new GPs and 20,000 more nurses under a Labour government funded by a controversial mansion tax.
The proposed annual levy, trumpeted by Mr Miliband in his keynote speech at Labour’s annual conference on Tuesday, would hit every homeowner with a property worth £2million or above.
Mr Miliband, whose own Dartmouth Park home would be subject to the tax, insists the measure is necessary to improve services, such as the NHS, without relying on borrowing.
But critics claim the tax will unfairly hit homeowners in desirable areas, such as Hampstead and Highgate, who are not cash-rich but live in properties that have risen steeply in value over the years.
Figures released last year by estate agents Knight Frank show Hampstead and Kilburn would be one of the hardest-hit parliamentary constituencies in the UK - with only Kensington, Chelsea and Fulham, Cities of London and Westminster and Westminster North hit harder.
In September 2013, there were 2,671 properties valued at £2m or above in Hampstead and Kilburn, accounting for almost five per cent of the total number of UK properties worth £2m or above.
We are asking Ham&High readers to give us their view on Mr Miliband’s mansion tax by voting in our online poll above.
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Have you got more to say about the mansion tax and how it will affect you? If so, call the Ham&High on 020 7433 0119, alternatively e-mail email@example.com, or tweet us at @HamandHigh