HM Treasury has confirmed its High Value Council Tax Surcharge will apply to England homes worth £2 million or more from April 2028, with annual bills of £2,500 to £7,500 set out in its 28 October consultation response.
Yopa finds keeping the £2 million mansion tax threshold spares 10,244 English homes from the surcharge, with 9.4 percent of London listings caught at £1.5 million against 5.8 percent now.
HMRC says most High Value Council Tax Surcharge decisions will be made without home visits, clarifying how the new mansion tax regime is expected to work before its April 2028 start.
The government has opened an eight-week consultation on the design of its High Value Council Tax Surcharge, a new charge for residential properties in England…
