Nick Clegg interview on mansion tax

The video discusses the approach to clearing London's deficit by asking residents of high-value homes to contribute more. It outlines the proposed contributions for homes valued between £2-2.5 million and discusses potential fees for properties over £5 million. The video advocates for a banded approach to property tax, similar to council tax bands for lower-value properties, to ensure fairness. The final details will be consulted on in the next Parliament.

What is the proposed annual contribution for homeowners with properties valued between £2,000,000 and £2,500,000?

• £4000

• £3000

• £2000

• £1000

What is the main concern addressed in the second section regarding properties over £5,000,000?

• The type of construction materials used

• The number of rooms in these properties

• The exact location of these properties

• The lack of clarity on the fees to be paid

What is the proposed approach for taxing higher value properties?

• A flat rate for all properties

• No tax for properties over £5,000,000

• A banded approach similar to council tax bands

• A percentage of the property's value

When will the final details of the proposal be consulted?

• Immediately after the announcement

• In the next Parliament

• After a public referendum

• In the next financial year

What is the primary goal of the proposed contributions from homeowners?

• To improve public transportation

• To increase property values

• To clear the deficit fairly

• To reduce the number of properties