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Three bedroom homes in London to be caught by Labour's mansion tax

Comment in the Telegraph by Sanlam's Rick Eling...

Labour's mansion tax proposal is a tax on the south east of England.

Labour's mansion tax proposal almost exclusively penalises homeowners in the south east of the country, new research from Zoopla has found.ADVERTISINGReacting to Ed Miliband's party conference speech - in which he said Labour in power would tax wealthy homeowners an average levy of £15,000 each to fund the NHS - the property portal said that 96pc the tax burden would be shouldered by London and the south east.

Property group Savills, calculated this to be 1pc higher at 97pc, almost the entire country's bill.

Read the full article here with comment from Sanlam's Rick Eling. (Please note this link will take you to an external website).

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