Tax on Value of Expensive Homes
There have been votes in Parliament on the introduction of a new property tax on expensive homes. Such a tax, popularly dubbed a "mansion tax", would introduce a requirement for those with residential properties worth over a certain amount to pay a fraction of the property's value (or a fraction of its value over a certain amount) to the Government each year.
Vincent Cable generally voted against an annual tax on the value of expensive homes (popularly known as a mansion tax)
TheyWorkForYou has automatically calculated this MP’s stance based on all
of their votes on the topic. You can browse the source
data on PublicWhip.org.uk.
On 4 Sep 2013:
Vincent Cable voted against calling on the government to get more people into work, bring forward capital investment, introduce a compulsory jobs guarantee, reintroduce a 10% rate of income tax paid for by a mansion tax, act on "rip off" rail fares and soaring energy costs, stand up for families in the private rented sector, reform pensions, curb payday lenders, and reform banking, planning and the skills system.
On 1 Jul 2013:
Vincent Cable was absent for a vote on Finance Bill — New Clause 9 — Reintroduce 10% Initial Rate of Income Tax
On 17 Apr 2013:
Vincent Cable was absent for a vote on Finance Bill — New Clause 5 — Mansion tax
On 12 Mar 2013:
Vincent Cable voted against a tax on properties worth over £2 million to fund a tax cut for those on middle and low incomes.