Tag: Mansion Tax

Mansion Tax Looms: Reeves Weighs 1% Levy on Homes Over £2 Million Ahead of Nov 26 Budget

Chancellor Rachel Reeves may announce a 1% annual Mansion Tax on UK homes over £2 million in the 26 November 2025 budget, targeting wealth inequality and raising £1.2bn—impacting London and the South East most, with exemptions for retirees and non-residents.