Mansion tax threshold cut could widen property tax net
The proposed Mansion Tax could affect significantly more properties if the government reduces the threshold from £2 million to £1.5 million, with tax experts warning that fiscal dr...
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The proposed Mansion Tax could affect significantly more properties if the government reduces the threshold from £2 million to £1.5 million, with tax experts warning that fiscal dr...
The so-called mansion tax is already beginning to have an impact on the UK housing market, despite the surcharge not being due to come into effect until April 2028. Under the new t...
Under the controversial plans, houses worth £2million or more will be subject to an additional annual tax bill of between £2,500 and £7,500 per year from April 2028.
The proposal to drop the lower threshold for the mansion tax will cause concern in outer London boroughs and parts of south-east England in particular
Up to 300,000 homes could be hit by the tax on property values, particularly in London and the south east, in a move first exclusively predicted in the Mail on Sunday.
New figures suggest London's prime property market has cooled sharply since the introduction of Labour's controversial mansion tax.
The Government has reportedly abandoned plans to reduce the threshold for the High Value Council Tax Surcharge from £2 million to £1.5 million. The decision means nearly one in 10...
The charge would fall disproportionately on parts of England, with almost 80 per cent of the properties affected in London and the South East.
Opinion - The Mansion Tax may could prove to be less a tax on mansions and more a mansion-sized exercise in mindless and needless bureaucracy
Property insiders said, given the complexity and expense of a wholesale council tax revaluation, the Chancellor may be considering lowering the mansion tax threshold to £1.5m.
Inspectors charged with working out which homes are worth enough to be hit by the new property raid have a checklist of features they can use to push up their taxable value.
Why has John Healey rowed back on plans to tax property at higher rates, and what could Labour tax instead?
Hammersmith & Fulham, Wandsworth, Kensington & Chelsea, Westminster and Camden would be areas most impacted by lower threshold for the tax
John Healey was reportedly proposing reducing the threshold from £2 million to £1.5 million
John Healey has conceded the Government is 'evolving its stance' on council tax - warning of possible change for those who have 'extremely valuable properties'.
Fears are growing that the Chancellor could widen the net of Labour's mansion tax raid next month, putting 243,000 homes at risk of being ensnared.
Research by Yopa suggests a £1.5m threshold would have caught almost one in 10 London homes on the market
Hundreds of thousands of Londoners could be left paying up to £1,200 more a year under the controversial reforms
Chancellor John Healey will deliver his first Budget on October 28
The Government suggests that they will only raise £400 million from their proposal for a mansion tax, no recompense for the wider damage being done. The post Elizabeth Campbell: La...
Britain's left-wing govt is considering intensifying its tax raid on high-value homes, potentially hitting its own voters in the pocket. The post Up The Middle Classes: Labour’s L...
The First Minister’s programme for government includes legislation to introduce two new council tax bands
Chancellor John Healey is expected to raise taxes in the Budget on October 28
Tax specialists have raised questions about the stamp duty paid on the £265 million sale of Providence House in Chelsea, Britain's most expensive residential property transaction....
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