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Properties Worth More than £2m Face New Tax

The surcharge targets fewer than 1% of English properties, raising an estimated £400 million annually to address wealth inequality, based on 2026 valuations and CPI adjustments.

Summary by BBC News
The surcharge begins at £2,500, rising to £7,500 for properties valued at more than £5m.

4 Articles

Sky News UKSky News UK
Center

How much is the mansion tax and who will have to pay it?

The chancellor announced a mansion tax in the budget, saying it would solve a "long-standing source of wealth inequality".

·United Kingdom
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BBC NewsBBC News
Center

Properties worth more than £2m face new tax

The surcharge begins at £2,500, rising to £7,500 for properties valued at more than £5m.

·United Kingdom
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iNewsiNews
Center

Mansion tax of up to £7.5k a year on homes worth more than £2m

Impartial news & intelligent debate

·London, United Kingdom
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The JournalThe Journal
Lean Left

Mansion taxes, milkshakes and smorgasbords: Here's what's going on with the UK's Budget

The Chancellor is planning on raising a number of taxes, which will reportedly affect both workers and pensioners.

·Ireland
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The Journal broke the news in Ireland on Wednesday, November 26, 2025.
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