Perspectives: A Review of Current Legal Issues and Trends Spring/Summer 2015
Contributor(s)
It was Vince Cable who, at the 2009 Liberal Democrat party conference, first proposed a “mansion tax” on owners of residential properties. Despite drawing much criticism — even among Liberal Democrat MPs — the policy made it into the party’s manifesto for the 2010 general election. The proposal was for an annual levy on that portion of a property’s value above £2 million, and was expected to raise approximately £1.1 billion for the Treasury every year. Read more.
More from the Weil Tax Blog
Copyright © 2024 Weil, Gotshal & Manges LLP, All Rights Reserved. The contents of this website may contain attorney advertising under the laws of various states. Prior results do not guarantee a similar outcome. Weil, Gotshal & Manges LLP is headquartered in New York and has office locations in Boston, Brussels, Dallas, Frankfurt, Hong Kong, Houston, London, Los Angeles, Miami, Munich, New York, Paris, San Francisco, Silicon Valley and Washington, D.C.