Capital Gains Tax And Second Homes
EDM number 2127 in 2006-07, proposed by Timothy Farron on 16/10/2007.
That this House notes with concern the Government's decision to lower the rate for capital gains tax on sales of all property excluding the primary residence, reducing it from a maximum of 40 per cent. and a minimum of 24 per cent. to a flat rate of 18 per cent.; recognises that this could result in a further increase in second home ownership, which is already a serious problem in areas such as Westmorland and Lonsdale, where in some villages up to 75 per cent. of properties are classified as second homes, forcing schools, post offices and other vital local services to close; and urges the Government to reconsider this policy.
This motion has been signed by a total of 15 MPs.
| MP | Date | Constituency | Party | Type |
|---|---|---|---|---|
| Tim Farron | 16/10/2007 | Westmorland and Lonsdale | Liberal Democrat | Proposed |
| Andrew George | 16/10/2007 | St Ives | Liberal Democrat | Seconded |
| Gregory Campbell | 17/10/2007 | East Londonderry | DUP | Seconded |
| Mike Hancock | 17/10/2007 | Portsmouth South | Liberal Democrat | Seconded |
| Lynne Jones | 17/10/2007 | Birmingham, Selly Oak | Labour | Seconded |
| Stephen Williams | 17/10/2007 | Bristol West | Liberal Democrat | Seconded |
| Kelvin Hopkins | 18/10/2007 | Luton North | Labour | Signed |
| Glenda Jackson | 18/10/2007 | Hampstead and Highgate | Labour | Signed |
| John McDonnell | 19/10/2007 | Hayes and Harlington | Labour | Signed |
| Colin Breed | 24/10/2007 | South East Cornwall | Liberal Democrat | Signed |
| John Pugh | 25/10/2007 | Southport | Liberal Democrat | Signed |
| Alan Simpson | 25/10/2007 | Nottingham South | Labour | Signed |
| Paul Holmes | 29/10/2007 | Chesterfield | Liberal Democrat | Signed |
| Ann Cryer | 29/10/2007 | Keighley | Labour | Signed |
| Jo Swinson | 29/10/2007 | East Dunbartonshire | Liberal Democrat | Signed |
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