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UK to Implement Mansion Tax in 2028, Affecting 165,000 Homes

4/4/2026

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Summary

Story summary

The UK government plans to implement a mansion tax in 2028 affecting 165,000 homes valued over £2 million.
The tax will impose a council tax surcharge of £2,500, rising to £7,500 for homes over £5 million.
Sir James Cleverly, the Shadow housing secretary, says the plan punishes families and could raise council tax by over 22.5% as the government aims to generate over £400 million by 2029-30.

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Story summary

The UK government plans to implement a mansion tax in 2028 affecting 165,000 homes valued over £2 million.
The tax will impose a council tax surcharge of £2,500, rising to £7,500 for homes over £5 million.
Sir James Cleverly, the Shadow housing secretary, says the plan punishes families and could raise council tax by over 22.5% as the government aims to generate over £400 million by 2029-30.