Budget 2025: Rachel Reeves introduces 'mansion tax' for homes over £2 million or higher скачать в хорошем качестве

Budget 2025: Rachel Reeves introduces 'mansion tax' for homes over £2 million or higher

Homeowners with homes valued at £2 million or higher will face a so-called ‘mansion tax’ from April 2028, announced Chancellor Rachel Reeves in today’s Budget. Speaking in the Commons the Chancellor said: “A band D home in Darlington or Blackpool pays just under £2,400 in council tax nearly £300 more than a £10 million home in Mayfair. “From 2028 I am introducing the High Value council tax surcharge in England, an annual £2,500 charge for properties worth more than £2 million, rising to £7,500 for properties worth more than £5 million... “This new surcharge will raise over £400 million by 2031 and will be charged on less than the top one per cent of properties.” The new tax will disproportionately target homeowners in London, where two thirds of qualifying transactions happened this year alone. Subscribe to The Standard: https://www.standard.co.uk/register for latest breaking news from the UK, US and around the world, plus podcasts and features. Evening Standard on socials: Check out our full video catalog:    / @thelondonstandard   Videos, daily editorial and more: https://www.standard.co.uk/ Like us on Facebook: facebook.com/TheLondonStandard Follow us on Twitter: x.com/theLDNstandard and Instagram: instagram.com/thelondonstandard