High-earners in the UK are still coming to terms with the 50 per cent tax on their income, but now the deputy prime minister Nick Clegg is renewing his efforts to introduce a 'mansion tax' on high-value properties.Mr Clegg has faced opposition from his coalition partners the Conservatives when it comes to the planned tax, but he has made it clear that he intends to push ahead through “give and take” negotiations.If the tax does eventually get the go ahead, it will mean that properties worth £2 million or more will be hit by an extra tax. However, this will be coupled with new plans to prevent rich people from avoiding stamp duty when they sell their houses.Speaking after an event at the City of London, Mr Clegg explained his position, suggesting that it is wrong that properties worth in the region of £1 million are currently taxed in the same way as those worth around £10 million. “It is quite right for us - and Liberal Democrats have done this for years - to say 'Well, hang on a moment, should we be trying to look at some way to make sure that these people who own these multimillion-pound properties pay their fair share?” he added in a report from the Press Association.
http://www.50percenttax.co.uk/index/2012/1/17/clegg-vows-to-continue-to-push-mansion-tax.html
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