How Mansion Tax Changes Could Triple the Number of Payers in Suburban London
2 Articles
2 Articles
How mansion tax changes could triple the number of payers in suburban London
When she introduced the measure in her October Budget, then-Chancellor Rachel Reeves told MPs her new mansion tax would “deal with a longstanding source of wealth inequality in our country.” Reeves promised that the new levy, set to cost as much as £7,500 for the highest-value homes, would raise more than £400m and would affect [...]
The Mansion Tax is a highly controversial tax. According to LBC radio, four London councils have called it "the most poorly thought-out property tax in 300 years." They believe it is worse than the infamous "window tax" of 1696. After its introduction, residents of the UK bricked up their windows. In theory, the Mansion Tax was intended to affect only the wealthiest, […]
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