FOR an idea first put forward nearly six years ago, the details of the mansion tax
FOR an idea first put forward nearly six years ago, the details of the mansion tax have retained an air of mystery.
Luckily for us, Savills has a handy chart which gives some clarity for those concerned about the tax’s impact
This is the Savills research team’s best estimate of what a mansion tax structure might look like. Savills has modelled the scale of the tax on the basis of a progressive charging structure, taking into account the anticipated distribution of values for property affected. The only known part of the policy is that Labour has said that it would charge £3,000 a year for a property in the £2million to £3million band, but it has not said what the levy would be for more expensive homes. The 97,000 figure for the number of £2million-plus homes is a Savills estimate.