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Evening Standard
Evening Standard
Business
Jonathan Prynn

Top mortgage lender plays down impact of mansion tax on property market

The “mansion tax” on homes worth more than £2 million announced in the Budget is “unlikely to have a significant impact on the housing market.” a leading mortgage lender said today.

Rachel Reeves revealed in her speech that a “high value” council tax surcharge on the most expensive houses and flats in England will come into force in 2028 raising around £430 million.

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