I keep hearing these terms being banded about. Again on TV this morning with a discussion that included Rachel Reeves, Shadow Chancellor.
It's usually stated that it will raise enough to cover whatever needs some spending and will only be paid by the rich, whoever they are.
Has anyone come across a more defined term of either. Such as those with £5m+
What would be included or excluded?
Main residence or other property. Did Angela Rayner get a heads up
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Cash, stocks and shares look obvious but what about ISAs
Pensions. You can see the value of a pot but should gov pension values be included.
Art and jewellery. Who would value it and how would they know. I'll sell you mine if you sell me yours. A penny each sounds fine can I have a receipt.
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Should their be an age adjustment so pensioners pay less.
Should there be an area adjustable rate so lower for Lincolnshire than London.
I've also heard the term "one off" which usually means till the next one.
Obviously there will be loosers and we are being told the rich want to pay more. (So why don't they just do it then.) Apparently the rich can afford it but could we see granny on state pension having to pay it because her 3 bed semi in the south east is deemed over the threshold.