Budget 2012: Lib Dems call for mansion tax on £2m homes

They are also looking for the inclusion of measures to stop the rich avoiding stamp duty when they sell their properties, according to a report in The Independent published today. Deputy prime minister Nick Clegg and other Liberal Democrat cabinet ministers will make their demands in behind-the-scenes talks with Osborne before the announcement on 21 March. It is thought that, although the Chancellor is unlikely to introduce a mansion tax immediately, he may set up a review to look at raising the tax burden on the rich by targeting property assets rather than income. Osborne is also...