Labour reportedly considers lowering 'mansion tax' threshold to £1.5m
UKPulse News Desk
Labour is reportedly considering a proposal to lower the threshold for a 'mansion tax' to £1.5 million, which could double the number of homes affected.
- Labour is reportedly considering lowering the 'mansion tax' threshold to £1.5 million.
- This change could double the number of homes affected by the charge.
- Almost 80% of affected properties would be in London and the South East.
Labour is reportedly considering a proposal to reduce the threshold for a 'mansion tax' to £1.5 million in the upcoming Budget. This potential change could result in a doubling of the homes subject to the charge.
The proposed tax would disproportionately affect certain regions of England, with nearly 80 per cent of the properties impacted located in London and the South East.