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Zoopla claims that, according to the Labour Party's own definition of its proposed mansion tax, the only political party leader who will have to pay is....Ed Miliband.

According to the portal, Miliband's north London home is now worth £2.73m, more than three times the average in the area.

Both Prime Minister David Cameron's west London home and Nick Clegg's south London property fall just short of the threshold applicable to the controversial new proposed tax, valued at £1.97m and £1.89m respectively. The Kent home of UKIP leader Nigel Farage is currently valued at a more modest £550,000.

Each leader has seen the value of their home grow substantially since the last election - Milibands home has increased by £1m since 2010 while Cameron's home has risen by £671,000 in value and Clegg's by £573,000 during the same period.

As things currently stand, Miliband would be the only current party leader required to pay the annual Mansion Tax mooted by the Labour party on properties worth in excess of £2m, although house price rises could also soon nudge Cameron and Clegg into this territory.

Soulless second kitchen or not, Ed Miliband's home is in a desirable part of London and is now worth a lot more than he paid for it before the last election. He may, however, have to put any plans for upgrading his kitchens on hold if Labour comes to power as his tax bill is likely to rise by at least £3,000 per year says Zoopla communications chief Lawrence Hall.

Comments

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    Oh, the irony! Typical Miliband.

    • 27 March 2015 10:42 AM
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    Cameron got schooled last night despite the bias of Paxo and Burley. Any right-thinking person can see that. One dodgy, weighted survey doesn't change that. Most people on social media and online comment sections (even those of the 'right-wing' press) had Miliband down as the winner, as did those on Newsnight and Question Time.

    Yes, Miliband would have to pay mansion tax on his property, but isn't the fact he's campaigning for it regardless say something about his integrity. He might be rich, but he went to a comprehensive and comes from a much more humble background than Cameron or any of the other Eton toffs, so he appreciates that the poorer in our society need to be looked after too. Not something the mob we have in charge at the moment seem to understand.

    • 27 March 2015 10:41 AM
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    Exactly. Isn't that the whole point He still wants to introduce it despite living in a house that would be affected by it, so he's not just looking out for his own self-interest, unlike some. Say what you like about Miliband, his heart's in the right place.

    The feeble attempts by the media to make him look 'weird' and 'different', plus all the two kitchens nonsense, will only make him stronger. We saw last night who was the stronger, the more human, the more genuine. Cameron is just a cowardly PR man who never answers a straight question and struggles to put his point across when he doesn't have a script.

    I'm sure if you added the cost together of all our PM's houses he'd be significantly above the 2m threshold and would have significantly more than 2 kitchens.

    • 27 March 2015 10:33 AM
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    I don't think Miliband will make any bones about the fact that his house falls under the mansion tax - far from it I would suggest. But well done Zoopla on a good consumer PR story! Hell yeah! :p

    • 27 March 2015 10:01 AM
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