This is why I like the 10% tax: The average price of a property in the UK is £168,000 (which happens to be roughly what I and my brother expect to inherit from my mother). The average stay in a care home is three years, at £20,000 a year, so if mum's home was sold after she went into a care home, on the current rules we could expect to pay around £60,000 from the sale of her house for her fees. It is obvious that a 10% tax is a better deal at only £16,800.
The current rules are not equitable, and how much property owners have to pay for their care is a lottery. In fact, my father left his share of the house to me and my brother, which has the effect that if my mother does go into a home the authority cannot force a sale, and would probably value mum's share of the house at £ nil, meaning we don't pay a penny. Other people end up having to pay much more than £60,000.
The 10% tax would bring some fairness, and what I also like about it is the element of redistribution, from richer to poorer households, but also from the house equity rich South-East to the Midlands and North.
It seems to me that the new proposal to cap care-home fees to two years, about £40,000, is going to leave most property owners worse off than the 10% death tax would have done. Only people with properties worth more than £400,000 will benefit, which even excludes most people in the South-East.
Oh, and I don't take the Tories proposal for a voluntary £8,000 levy seriously because the figures don't add up, but it was probably unnecessary for me to say that.