Queen Will Pay Mansion Tax

[Jazzy]

The Queen and Prince William would have to pay mansion tax under a Labour government, the shadow chancellor has said.

Ed Balls suggested the Queen would need to pay tax on her properties at Sandringham and Balmoral, although Buckingham Palace and Windsor Castle would be exempt under special rules.

He told Sky's Murnaghan Programme: "There aren't different rules for anybody."

Under proposals announced by Mr Balls at the Labour conference, homes valued at more than £2m would be subject to an increased tax.

He suggested the rules would include the Queen and Prince William, who is due to move into a large home on the Sandringham estate, but added there would be exemptions for those living in homes open to the public, such as National Trust properties.

He said: "There has always been a cross-party consensus that we have fair and tough rules for the financing of the Royal Household but members of the Royal Household pay taxes just like everybody else and rightly so.

"There aren't different rules for anybody. That's the nature of our society."

The idea of a mansion tax was first proposed by the Liberal Democrats, who are currently holding their party conference in Glasgow.

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Shouldn't the Queen have to pay tax on Buckingham Palace and Windsor Castle too?