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Mansion Tax Is an ‘Assault’ on London’s Property Market

  • From April 2028, owners of properties in England valued at over £2 million will pay a new annual high-value council tax surcharge, divided into four bands.
  • Properties valued between £2 million and £2.5 million will incur a surcharge of £2,500, while those valued over £5 million will face a charge of £7,500.
  • The new tax is expected to raise about £400 million annually for the Treasury.
  • Residents affected by the tax, particularly in London, have voiced their frustration, with some stating that their homes do not qualify as 'mansions.
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  • 67% of the sources lean Left
67% Left

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The Negotiator broke the news in on Wednesday, November 26, 2025.
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