Property Tax Uncertainty Causes London Mansion Rents to Soar
Lowering the threshold to £1.5 million would double the number of affected homes and add £624 million to London bills, analysts said.
5 Articles
5 Articles
Property tax uncertainty causes London mansion rents to soar
Uncertainty over how the government might shake up property taxes at next month’s Budget is contributing to huge increases in the cost of renting a luxury house in London. Luxury property experts said fears that Andy Burnham could crack down on high-value homes, along with an influx of demand from the US and the Middle [...]
coventryobserver.co.uk
Thousands more homes could face mansion tax as Treasury considers lower threshold – NATIONAL NEWS
Thousands more homeowners could be brought into the Government’s new “mansion tax” after reports that ministers are considering lowering the threshold from £2 million to £1.5 million. The change could more than double the number of properties affected across England, from around 134,000 to approximately 270,000. The proposed High Value Council Tax Surcharge was announced at last November’s Budget and is due to come into force in April 2028. Unde…
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