Mansion Tax: Charging Foreign Buyers and Empty Houses More Would Raise Same Cash

Labour could generate the same amount of money by ditching the mansion tax and instead raising levies on empty houses, foreign buyers and buy-to-let landlords, a new report has found. Analysis by the Centre for Economics and Business Research (CEBR) found targeted taxation could raise more than £6 billion next parliament without hitting cash-strapped families. The findings call into question whether Labour’s plans to make people in houses worth more than £2 million pay more is the fairest way to boost revenues through property tax. Read more on the Daily Telegraph website.