Mansion tax hits London homeowners

The revived mansion tax will charge homeowners £2,500–£7,500 a year on properties valued above £2m from 2028, but experts warn its impact will extend far beyond "mansions." In London, where many £2m homes are modest terraces, one agent says, "this is a terrace tax, not a mansion tax," hitting owners who may be heavily mortgaged or on fixed incomes. Roughly 2.4m properties will be revalued using automated valuation models that agents say are "notoriously unreliable for higher-value or unique properties," increasing the likelihood of disputes.

City AM (27/11/2025)   The Standard (27/11/2025)   The Times (27/11/2025)