Liberal Democrat candidates in Bexley borough have criticised Theresa May’s Dementia Tax after research done by the party showed it could cost local homeowners more than £170,000. The Conservative policy would force the sale of family homes to fund care for elderly and vulnerable relatives.
The party has estimated that the Dementia Tax would cost £173,282 for someone receiving ten years of care living in an average-priced home in Bexley. Up to 60% of the value of the average home would be wiped out to pay for the Dementia Tax, depending on the constituency.
Across Bexley, the value of the average house that will be wiped off by the Dementia Tax ranges from 49% in Old Bexley & Sidcup, to 55% in Bexleyheath & Crayford, to over 60% in Erith & Thamesmead.
Drew Heffernan, Liberal Democrat candidate for Old Bexley & Sidcup, said:
“Theresa May wants to force you to sell your house if you need long-term care.
"The effects of this cruel and unfair policy will be massive, and will have a huge people on people across our community.
“Elderly and vulnerable people across Old Bexley & Sidcup face losing almost half of their home to fund this ill-conceived policy, with nine out of ten homes potentially at risk.
"This is like a new type of inheritance tax - but one that's targeted at people of modest means, not the wealthy. The Conservatives want to tax ordinary hardworking families out of their savings and homes if their relative is unfortunate enough to need years of care: it is grotesquely unfair.
“There is a week left in this campaign: if Theresa May fails to come clean to the British public, how can she be trusted?"
More information on the Dementia tax is available here.