fromHomebuilding
16 hours agoMansion Tax set for April 2028 on homes over 2 million
The Mansion Tax is a new high-value council tax surcharge that will apply to properties valued over £2 million. There will be four price bands, starting at £2,500 a year for homes between £2 million and £2.5 million, rising to £7,500 for properties worth £5 million or more. The surcharge will be uprated annually by inflation. The tax will be charged in addition to standard council tax and will be paid to central government rather than local authorities.
UK politics