A proposed mansion tax would disproportionately target London homeowners, where two-thirds of the qualifying transactions happened this year alone, new analysis has found.
Ahead of the Autumn Budget tomorrow, Wednesday 26 November, there is speculation that Chancellor Rachel Reeves may introduce a so-called “mansion tax” on properties valued over £2 million. Homeowners would potentially be required to pay a one per cent annual levy on the value above this level.
