Properties worth more than £2m face new tax
Source: BBC
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 increase depending on the price of a property - with four separate bands. These will go from the lowest band of £2m to £2.5m, with the highest for those valued at £5m…
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