Lib Dems propose staggered Mansion Tax, starting at £2k a year

The Liberal Democrat's party president has come out swinging with yet another angle on the mansion tax.

Just a few days after Labour threw itself behind a Mansion Tax on £2m+ properties, The Liberal Democrat party has overhauled its Mansion Tax plans, proposing the introduction of new Council Tax bands…

Promises made to homeowners in the £2m-£3m bracket mean that people owning properties worth more than £3m would pay an average of £23,775 in Mansion Tax per annum, according to new research by CBRE.