Healey Rules Out Expanding Mansion Tax to £1.5m Homes

John Healey 'drops' plans to extend Labour's mansion tax in Budget

Chancellor John Healey was widely believed to be considering reducing the threshold for properties paying the levy from £2million to £1.5million.

Healey rules out expanding mansion tax to £1.5m homes

John Healey has ruled out widening Labour’s so-called mansion tax to cover homes worth £1.5m, following warnings that the tax change would hammer middle-class homeowners in the capital.  The Chancellor had been considering widening its council tax surcharge to cover homes valued at £1.5m or more, as the Treasury seeks extra revenue to fund cost of living support. Former chancellor Rachel Reeves announced the tax raid on homes worth more than £2m…

Mansion tax u-turn spares one in 10 London homes: Yopa

Almost one in 10 homes currently listed for sale in London would have fallen within the scope of the government's mansion tax had the threshold been reduced from £2m to £1.5m, Yopa research reveals. Yopa's research shows that, across England, just 11,848 of the 792,456…

Britain's Mansion Tax Shows the Difficulty of Targeting Wealth

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