The Mansion Tax

[lindylou]

On 26/11/2025 at 17:23, CPR Dave said:

What do we think?

There's a couple of not very big ordinary family homes for sale on my street that will fall foul of this. 

Seems totally arbitrary to tax these people more than others imo. J hope the treasury will pay the cost of collection too, rather than burdening the council who won't benefit at all from this tax.

They should have just increased income tax.

 

Admin note: Post removed to avoid derailing the thread. Removed subsequent posts quoting this one. 

Edited 1 hour ago by Administrator

[Dogkennelhillbilly]

2 hours ago, Sephiroth said:

Every person complaining about a small amount of tax on homes above £2million is the direct enemy of every voter/government/plan to build affordable housing 

I don't really see the linkage between the two factors tbh

[Sephiroth]

4 minutes ago, Dogkennelhillbilly said:

I don't really see the linkage between the two factors tbh

Fair enough. Perhaps I’m wrong 

but the country can either have rising house prices or affordable housing. Which means falling house prices right?

or is there a scenario where all of the existing housing stock rises in value while the hundreds of thousands of new, affordable  homes are somehow immune to the same market forces?

How do we build enough affordable houses for our children yet insist on our own houses going up in value? Both can’t be true. Enough new housing stock has to lower existing housing prices 

if  not , where am I wrong?

[Spartacus]

I wonder if the tax will cause the £2 million plus market to stall but boost the sub £2 million market as houses sell for just below the threshold. 

Will a house that then sells for less than its £2 million value, say at £1,95 million  then drop out of the tax or will the goverment still tax it as though it was worth over £2 million?  

As the tax will obly raise 1/2 a billion, will the threshold creep downwards or will more houses go into it as property values increase ? 

So many questions that may need to be understood better before it is inplemented otherwise there may be potential legal cleans post implementation. 

 

[Dogkennelhillbilly]

16 hours ago, Sephiroth said:

is there a scenario where all of the existing housing stock rises in value while the hundreds of thousands of new, affordable  homes are somehow immune to the same market forces?

I don't think we need to worry too much about that. There would have to be a massive amount of new construction very quickly to keep housing costs level, let alone depressing existing house prices.

[Sephiroth]

But isn’t that massive construction effort the prerequisite to solve the housing problems? 

or is there another way?