Finance Bill — New Clause 5 — Mansion tax — 17 Apr 2013 at 16:30
The majority of MPs voted against requiring the Chancellor to review the possibility of introducing a "mansion tax". Mansion tax is a term used to describe a requirement for those owning 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 in tax.
The text of the rejected new clause proposed was:
- The Chancellor shall review the possibility of bringing forward a mansion tax on properties worth over £2 million and publish a report, within six months of the passing of this Act, on how the revenue could be used to fund a tax cut for millions of people on middle and low incomes as part of a fair tax system.
Votes by party, red entries are votes against the majority for that party.
What are Boths? An MP can vote both aye and no in the same division. The boths page explains this.
What is Turnout? This is measured against the total membership of the party at the time of the vote.
|Party||Majority (No)||Minority (Aye)||Both||Turnout|
|Con||257 (+2 tell)||0||0||84.9%|
|Lab||0||219 (+2 tell)||0||86.0%|