Michael Sheils McNameeBusiness reporter Getty Images Owners of tens of thousands of properties in England valued at more than £2m are set to be hit with a surcharge of at least £2,500 from 2028, in what has been dubbed a mansion tax. The annual charge will come on top of existing council tax, and will
Properties worth more than £2m in England face new mansion tax BBC What impact will the Autumn Budget have on the housing market? Zoopla Chancellor swoops on landlords and wealthy homeowners Financial Times Autumn Budget 2025 – headlines for the property sector Propertymark Council tax raid to cost £2m homeowners thousands of pounds The Telegraph Reeves Hits UK Property With
Owners of high-value homes will be hit with a yearly mansion tax charge from April 2028, Rachel Reeves confirmed in today’s Autumn Budget. Reeves used her Autumn Budget to reveal details of a much-anticipated mansion tax on homes in England worth £2 million or more. The money will be collected through council tax and is
In today’s Budget, Chancellor Rachel Reeves announced a series of tax changes aimed at landlords and wealthy homeowners. Changes to tax on income from properties will come in from April 2027, while a new high-value council tax surcharge, or ‘mansion tax’, will apply from April 2028. Read on to find out how the changes will
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Landlords and owners of expensive homes are to be hit by higher taxes as Rachel Reeves’ Budget leaned on property to help boost the UK’s finances. In an unexpected move, the chancellor unveiled an increase
Wealthy property owners are ‘rushing’ to avoid a Mansion Tax, which is strongly rumoured to be part of today’s Budget. Around one in four high-end homeowners have moved their properties into a trust for their children, the Daily Telegraph reports. And another 12% have also set up trusts for their grandchildren, according to a survey
X Register for free to receive latest news stories direct to your inbox Register The Chancellor has today fired the starting gun on the most significant shake-up to high-value property taxation in a generation, unveiling a new annual “mansion tax” on homes worth more than £2m. The move, packaged as a ‘high-value council tax surcharge,
“Landlords can meet higher standards, but they can’t do it while navigating an ever-changing maze of new costs and untested reforms. The Budget needs to steady the ground, not shake it further”– Siân Hemming-Metcalfe – Inventory Base With the Autumn Budget now just hours away, speculation is mounting that the Chancellor will use
The sometimes murky world of ‘property sourcing’ is under the spotlight again following a jail sentence for a fraudster who had claimed to be a property investor but instead scammed investors for at least £113,000. Jason Cunningham, of Cardigan, Wales, has been given a four-and-a-half-year sentence at Reading Crown Court following the ten-week trial which
Talking to friends and work colleagues, I have found that the majority of them have selected the local property tax (LPT) band below the recommended Revenue band. All agree that the Revenue one was correct, but they are not planning on selling at any time in the near to mid-future. If they do sell in