As my hon. Friend has raised that point, I will make this observation. Labour says that more money should be raised from properties worth more than £2 million. In 2015-16, this measure will raise more than £300 million from such properties. Obviously, that is a useful sum for the Exchequer, but if the view is that Labour wants to raise £1.2 billion from the mansion tax on those properties, will it drop that figure down to £900 million? That is a question that the hon. Gentleman will no doubt be seeking to respond to later.
Stamp Duty Land Tax
Proceeding contribution from
David Gauke
(Conservative)
in the House of Commons on Thursday, 4 December 2014.
It occurred during Debate on bills on Stamp Duty Land Tax.
Type
Proceeding contribution
Reference
589 c460 
Session
2014-15
Chamber / Committee
House of Commons chamber
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Timestamp
2015-05-22 07:40:34 +0100
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