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HMRC to inspect homes over £2 million for mansion tax

8/25/2026

37 5 Full Breakdown

Summary

Story summary

HMRC will send agents to inspect English homes over £2 million for the mansion tax.
Refusing entry could be a criminal offence with fines up to £200.
The surcharge charges £2,500-£7,500 annually, scaled by value.
The Office for Budget Responsibility projects 165,000 properties will face the tax first year.
Government forecasts the surcharge will raise over £400 million by FY 2029/30.

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Story summary

HMRC will send agents to inspect English homes over £2 million for the mansion tax.
Refusing entry could be a criminal offence with fines up to £200.
The surcharge charges £2,500-£7,500 annually, scaled by value.
The Office for Budget Responsibility projects 165,000 properties will face the tax first year.
Government forecasts the surcharge will raise over £400 million by FY 2029/30.