UK will now tax mansions worth more than £2 million - The Economic Times

Contributing sentiments towards policy:

60% : The High Value Council Tax Surcharge on properties valued at more than £2m is part of a range of tax rises included in Chancellor Rachel Reeves's Budget to allow her to meet her own self-imposed financial rules.
57% : The UK government will introduce a new annual council tax surcharge from April 2028 for properties in England valued at £2 million or more.
53% : The Valuation Office Agency will assess property values in 2026 and place them into four bands, with surcharges ranging from £2,500 for homes worth £2m-£2.5m to £7,500 for those valued at £5m and above.The UK government has announced that from April 2028, owners of properties in England valued at £2 million and over in 2026 will be required to pay an annual council tax surcharge.
51% : This measure, which will come in addition to existing council tax, is often called a "mansion tax" - although in more expensive areas of the country this might stretch the definition of a mansion.
50% : The IFS has said previously that a revaluation of council tax bands is "long overdue".

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