Homebuyers- prepare to pay more, as Libdems propose \"mansion tax\"
Homebuyers- prepare to pay more, as Libdems propose "mansion tax"
In the past few days, many people who are neither rich nor titled have discovered that their home is actually a mansion, although it is neither “large”, nor “impressive”, which is how the dictionary defines such a property. This reclassification followed the news that Vince Cable, Liberal Democrat deputy leader, believed that a 0.5 per cent “mansion tax” should be imposed on homes worth £1 million-plus.
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