Homes worth £1.5m face mansion tax revaluation

Houses currently valued at £1.5m could be dragged into the mansion tax, with Jonathan Russell, chief executive of the Valuation Office Agency (VOA), saying that up to 200,000 homes could be revaluated to determine whether they exceeded the £2m threshold. November's Budget saw the Chancellor unveil a tax of at least £2,500 a year on homes worth more than £2m. Mr Russell has told the Treasury Select Committee that homes worth £1.5m will be revalued to determine whether they had exceeded the £2m threshold since their last valuation. 

The Daily Telegraph (14/01/2026)   The Times (14/01/2026)