text_body: --- DIVISION TITLE ---
  
  Finance Bill - New Clause 5 - Mansion tax
  
  --- MOTION EFFECT ---
  
  @ MP voted aye in favour of considering a mansion tax
  @ MP voted no against considering a mansion tax
  
  The majority of MPs voted against requiring the Chancellor to review the possibility of introducing a "[http://en.wikipedia.org/wiki/Mansion_tax mansion tax]". Mansion tax is a term used to describe a requirement for those residential properties worth over a certain amount to pay a fraction of the property's value (or a fraction of its value over a certain amount) to the Government each year in tax.
  
  The text of the rejected new clause proposed was:
  
  :The Chancellor shall review the possibility of bringing forward a mansion tax on properties worth over Â£2 million and publish a report, within six months of the passing of this Act, on how the revenue could be used to fund a tax cut for millions of people on middle and low incomes as part of a fair tax system.
  
  ==
  
  * [1] [http://www.libdems.org.uk/siteFiles/resources/docs/conference/2013%20Autumn/Policy/F26.pdf Liberal Democrat Conference September 2013 F26 Fairer Taxes (Tax Policy Paper)]
  --- COMMENTS AND NOTES ---
  
  (put thoughts and notes for other researchers here)
  