A Conservative council in London says it is to be the first local authority in the UK to levy a voluntary mansion tax on high-value homes - and it is lobbying the government to be able to make the charge mandatory.
Westminster council says the optional charge would be open to owners of properties valued at £10m or more.
The tax would be £1,376 a year: if all 2,000 owners of the £10m-plus properties paid up, the council would recoup some £2.75m a year, although this would have to be offset from the collection cost. This would be minimal, the council says, because the supplement would be collected alongside the normal Band H council tax.
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I'm sure the council would spend the money they raise in this way very wisely. They usually do !
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