According to Cable, Landowners Tax Should Be 'Examined' By Government

On Saturday at the Liberal Democrat conference address the government to examine landowners tax as revealed by Pete Apps of InsideHousing.co.uk on September 16th, 2013. 

Vince Cable called for government to ‘examine’ a tax on landowners at the Liberal Democrat conference on Saturday.

The business secretary said talk about land value tax was ‘floating around at a quite a high level’ at an event organised by a pressure group for the policy.

Campaigners said the tax - which imposes a levy based on the unimproved value of the land - could be used as a replacement for council tax or stamp duty.

Mr Cable said: ‘There are a myriad of practical problems… I think the first stage is to get Government looking at it seriously, looking exactly at the problems and evaluating them.’
He did not commit to supporting the policy, which is extremely unpopular with many Tories, but said: ‘I don’t think any detailed work has been done on it, but it is one of the options floating around at quite a high level.’

He said ‘uncertainty’ surrounding the policy held it back, despite some cross party support.
The campaigners, from Action for Land Taxation and Economic Reform, rejected the suggestion that the policy could have a knock on effect on rents by imposing costs on landowners.

Article Source: http://www.insidehousing.co.uk/regulation/landowners-tax-should-be-examined-by-government-says-cable/6528587.article