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Friday, May 8, 2015


Between January and April 2015, supporters of the FairHomeTax Campaign were asked to take part in a survey of the options available to a future new Government using family home taxation approaches that they believe would be the most effective method in raising tax revenue for the NHS and public services. Questions in the survey were based around the recent independent evidence from the CEBR’s 3 economic reports commissioned by FairHomeTax. The survey questions answered by 8,206 home owners from across the UK can be seen at http://www.fairhometax.uk/poll2015.html

 

Question 1. Which of these family home taxation approaches are the fairest way to raise extra revenue for the NHS and public services? Please select your top 3 choices. Initial analysis of the findings shows that Mansion Tax is the least favoured effective choice. The best taxation approach being to add 3 new council tax bands to the highest valued properties. Even outside of the south east Labour’s Mansion Tax was not the most favoured option with choosing to allow councils to charge a 100% council tax premium on properties that have been vacant for longer than 6 months as their preferred option.


1st Choice %

Total

London

SE England

Rest of Eng

Scotland

Wales

Add 3 new top rate tax bands to council tax to raise £4.7bn. A tax that’s not been reviewed for 25 years

28.94%

36.03%

38.45%

20.16%

16.26%

18.44%

Allow councils to charge a 100% council tax premium on properties that have been vacant for longer than 6 months to raise £322 million

24.43%

23.99%

22.35%

25.31%

25.58%

27.98%

Charge foreign buyers a higher rate of stamp duty to raise £491 million

21.72%

29.77%

22.63%

21.72%

13.71%

6.10%

Align landlord repair & maintenance tax relief closer to actual and cost-effective repair expenditure to save £285 million

10.49%

8.41%

9.47%

13.76%

13.25%

8.89%

Introduce annual taxation on homes valued over £2m to raise £800m to 1.2bn (Labour's Mansion Tax)

6.69%

0.52%

1.28%

7.31%

17.80%

22.02%

Existing Council Tax bands to remain unchanged

5.85%

0.48%

3.17%

10.24%

11.02%

13.40%

Don't know

1.10%

0.28%

1.28%

1.04%

2.23%

1.46%

None of these

0.78%

0.52%

1.37%

0.46%

0.15%

1.72%

TOTAL

100%

100%

100%

100%

100%

100%

 

Question 10. What do 8,206 home owners from across the UK feel about Labour’s Mansion Tax? It’s clear that UK home owners supporting FairHomeTax do not want a Mansion tax for listed reasons.


Which of these statements do you agree with (Can choose more than 1)

Respondents agreeing

Pensioners will be hardest hit by Mansion Tax

82.9%

A new Government should debate fairer home taxation approaches

81.1%

Mansion Tax will hit Inheritance Tax in an unfair way

78.3%

Income poor home owners will be hit by a Mansion Tax

76.5%

Introducing a Mansion Tax is the Politics of Envy not economic sense

74.3%

All Political Parties are ignoring a fairer established solution of adding new council tax bands to higher value properties

72.7%

Labour is not taxing the very wealthy through a Mansion Tax

72.1%

Mansion Tax will not raise £1.2bn

63.6%

Cash rich people can avoid paying Mansion Tax

61.3%

Mansion Tax is not workable

59.2%

The NHS needs reform not more money

41.9%

A Mansion Tax IS A FAIR way to raise money for the NHS

3.6%

 

Question 11. What do you feel to adding more Council Tax Bands on higher value properties instead of a Mansion Tax? Council tax changes at the highest valued property levels are thought to be fairer and workable.


Choice

Respondents

It’s a fairer more workable solution

71.4%

It’s unfair to more home owners

16.9%

Don't know

8.3%

A Mansion Tax is a better way

3.4%

 

Question 12. In your opinion which Political Party(s) are best for the Family Home Owner? (Can choose more than 1). Tories are thought to be the best party for home owners’ interests


Political Party

Respondents

Conservatives

38.1%

None of them

31.8%

UKIP

23.1%

Don’t Know

18.9%

Labour

17.1%

Others

14.8%

Greens

9.2%

Liberal Democrats

9.1%

SNP

8.6%



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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.