The property industry has won a major battle in its bid to avert the controversial proposed mansion tax ahead of next year's general election as the Liberal Democrats proposed changes to its plans. Chief secretary to the Treasury Danny Alexander said on Wednesday that his party would introduce additional tax bands for the UK's most expensive homes in the next parliament, rather than the proposed flat-rate levy. The British Property Federation (BPF) had called for the measure as an interim fix, ahead of a wider council tax band reform, which it wants all political parties to commit to by the election. The organisation has started to lobby those behind the mansion tax plan, including Labour leader Ed Miliband and business secretary Vince Cable, as the rhetoric around the proposed tax, which has been widely condemned by the property industry, ramps up.
展开▼
