• News Feeds
Page last updated at 09:20 GMT, Saturday, 10 March 2012

Is a mansion tax fair?

Advertisement

The Labour Party said this week it would support a mansion tax and work with the government to introduce it.

Richard Murphy, a chartered accountant and director of Tax Research UK, believes there needs to be a systematic revaluation of properties if a mansion tax is to be implemented. The problem, he adds, is that we have a "highly ineffective" council tax system which doesn't raise enough funds.

Matthew Sinclair, director of Taxpayers' Alliance, says however that there are already high levels of tax on property. Is it really the right objective? he asked.


Get in touch with Today via email , Twitter or Facebook or text us on 84844.

SEE ALSO

Story Tools

BBC navigation

BBC © 2013 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Americas Africa Europe Middle East South Asia Asia Pacific