Mansion Tax: £50k Price Drop, Wider Market Impact
Update: 2025-12-12
Description
Labours proposed mansion tax could lead to a significant drop in property values, with homes worth over two million pounds potentially losing fifty thousand pounds in value. The new tax, set to begin in 2028, will add an annual bill of two thousand five hundred pounds for homes worth two million pounds or more, with higher rates for more expensive properties. The Treasury expects this tax to initially cost the government money due to reduced stamp duty revenues and predicts price bunching where property values cluster just below the tax thresholds. Critics argue the tax punishes hard-working individuals and could leave homeowners with tens of thousands of pounds in lost equity.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
x
