Debate Magazine

Killer Arguments Against LVT, Not (351)

Posted on the 12 February 2015 by Markwadsworth @Mark_Wadsworth

Even The Times has tired of wheeling out Poor Widows In Mansions...
In my Father’s house are many mansions, Jesus said. Which may be bad news now that Labour is preparing its mansion tax.
Figures presented to the General Synod show that the average value of a Church of England bishop’s home is £2.26 million, putting it above the £2 million tax threshold.
It has also emerged that 26 diocesan bishops live in a property with seven or more bedrooms...

Wiki says there are 66 bishops of all ranks.
Wiki also says that the Church of England has total income from various sources and expenditure of around £900 million a year.
Let's assume that these palaces fall into the £2 - £5 million band and the Mansion Tax is the same as the ATED charge of £23,350 a year.
66 x £23,350 = £1.5 million, i.e. one-sixth of a per cent of the Church's total income/expenditure every year (or a small fraction of its direct government subsidies).
Hardly the "threat" suggested in the headline to the article, is it?


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