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 kind of fees are mentioned for properties worth over £5,000,000?

What will happen during the consultation on the details in the next Parliament?