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Council considers ‘mansion tax’ for most valuable properties

Council considers ‘mansion tax’ for most valuable properties

Well-off families would see their council tax rise under a plan mooted by a Scottish council.

Those living in more expensive homes in Edinburgh would shoulder higher bills as part of the proposal by the city’s coalition council.

The Edinburgh idea, which has been dubbed a “mansion tax”, is to “decouple” the council tax bands for more expensive homes those above Band D.

That would allow them to raise rates on premium households, while maintaining the council tax freeze for residents living in less valuable properties.

The Tory finance spokesman, MSP Murdo Fraser, warned it was not just wealthy people who would be affected saying pensioners living in family homes will be “deeply worried” by the plans.

A Dundee City Council spokeswoman said they have “no plans at this time” to follow suit.

Fife Council leader David Ross said councils should have more control over bands as part of the long term reform of council tax.

He added: “But it would be wrong to suggest that on its own some kind of quick fix like this would solve the problem of how we properly fund local councils.”