Welcome to the FairHomeTax Blog

Monday, February 16, 2015

At FairHomeTax we commissioned three major CEBR Economic reviews. The second clearly shows that a review of Council Tax is long overdue and by adding new bands onto the more expensive properties, this would indeed generate a more effective, fairer and progressive tax raising process that would be better than Mansion Tax. http://www.fairhometax.uk/FairCouncilTax_CEBR.html 
The esteemed journalist Simon Jenkins for the left of centre newspaper the Guardian seems to agree.  here's an extract from his article today: "A gap then emerged between advocates of Cable’s mansion tax, which would go to the Treasury, and those who wanted to reform council tax, which goes to local councils. The clearest need was to reform the top band, which had been fixed in 1991 at £320,000 (roughly £1m with house-price inflation today). When a higher band was introduced in Wales in 2005, starting at £424,000, it caused little fuss." 
To read the whole article click here

posted by  


[ posted by benj, 21.02.15 15:26 ]

Simon Jenkins is stop on. He has gone on the record for years saying we should go back to the old Domestic Rates system whereby all homes were charged the equivalent of 1% of selling prices. Still much lower than the 1.4% average they pay in the States, but a good place to start from.

So, a £2M home would pay around £20,000 per year. They should of course be paying more than that under a fair tax system. After all, it's the community that gives a £2M London home it's £66,000 site only rental value, not the freeholder.


your name*

Genuineemail address please*

Add your comments*

You may use these HTML tags:<p> <u> <i> <b> <strong> <del> <code> <hr> <span> <div>
verification code*





For more details email contact@fairhometax.uk Tel: 07515421611   -  FairHomeTax, 1 Rammell Mews, Cranbrook, Kent TN17 3BQ

The Campaign for Fairer Tax on UK Homes is run by Howard Cox, the founder of the FairFuelUK Campaign.  Howard Cox is a staunch campaigner for stimulating the economy, motivating consumers and fighting unfair taxation. FairFuelUK, is the Nationally Recognised Award Winning Campaign fighting for lower petrol & diesel prices and is widely accredited with stopping £30 billion of road user taxes being levied on businesses & public in this Parliament. Without FairFuelUK prices at the pumps would be over £1.60 per litre. Its time for all Parties to recognise that the family home is not the tax cash cow for their spending aspirations. A property taxation reform is long overdue.