"Council tax bills would treble for middle-class homeowners under
Labour plans to introduce a so-called “garden tax” on the value of land, it was claimed last night.
The Labour manifesto contains plans for a Land Value Tax to replace council tax, which would hit people with gardens the hardest.
The manifesto contains no detail of how the tax would be applied, but the
Conservatives claim tax on the the average family home would go up from £1,185 to £3,837 per year, an increase of £2,651 or 224 per cent".
The Conservatives can't even do simple maths at the time of their Budget and they don't know how much their dementia tax was going to cost people. But they did know that the companies offering Equity release and those with associated holdings in any company doing that, would make a tidy sum. Because more older people would have to go for Equity release money to pay for their care, thereby, enabling those that do Equity release and their associates would make an awful lot of money handling such transactions.
This proposal has been going around for ages in the Tory party and their 'Think tanks' but they baulked at it. Not so May. Sometimes you have to follow the money - as the saying goes.