Magazine article Public Finance

Labour Property Tax Plan Attacked

Magazine article Public Finance

Labour Property Tax Plan Attacked

Article excerpt

Political opponents have attacked the Scottish Labour party's plans for a new property tax based on the capital value of individual homes.

The Scottish Tories accused Labour of trying to replace the council tax with a tax on home improvement, while the Scottish National Party claimed Labour's 'property poll tax' would result in enormous bills for families and pensioners.

The latest row over the future method of council financing flared after it emerged that a Scottish Labour taxation working group, led by opposition finance spokesman Andy Kerr, is considering a property tax using capital values instead of council tax bands. There would be regular property revaluations, which would take account of home improvements.

A senior Labour source told Public Finance that the group wanted to come forward with a tax that was 'fair, reasonable and workable'.

The source confirmed that the group was developing a new property tax but stressed that there was a long way to go before final proposals were drawn up.

But the disclosure reignited controversy about local taxation, which has been off the political agenda since the SNP shelved its plan for a local income tax earlier this year. …

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