Labour (along with similar proposals from the Greens and Lib Dems) proposes to introduce a Land Value Tax (LVT) – hereafter called the “garden tax”, which will be based on three per cent of the value of land for each property.
For many homeowners this could represent a massive increase in their annual tax bill and force the sale of gardens in order to reduce bills.
Grasping property developers will be keen to grab the land for new developments.
If we learn from our mistakes, why aint I a genius, If you educate the masses where's the advantage for the few?
Well it will also force the big Land owners Farmers grouse shoots the big houses to pay lots and maybe release marginal land for housing.Thenthe foreign lease holders will either have toincrease lease rents on flat owners and the lord of westminster for one will be hard hit imagine the value of his land.
Well said Phil. There is no such thing as "government money". And, despite the problems here in the UK, they give it away - like throwing confetti - at foreign countries. I wonder how they'll audit the correct use of this £200 million to Nigeria. Odds-on most of it will be siphoned off for personal use by crooks masquerading as politicians and officials.