3 h. ago London’s most affordable family home hotspots for well below the new £2 million 'mansion tax' threshold

The government has confirmed plans to impose a "mansion tax" by doubling the council tax on homes worth more than £2 million across the country.

Economics

17 h. ago Labour's new 'mansion tax' sparks fears of 'Big Brother snoopers' marauding the streets to spy on Brits' homes

In her Budget on Wednesday, Chancellor Rachel Reeves said she was introducing a 'high value council tax surcharge' in England for homes worth £2million or more.

Politics

18 h. ago Mansion tax to wipe £10,000s off value of London homes hit by new levy in Reeves Budget

One in four homes which will pay the property surcharge are in just three London boroughs; Kensington and Chelsea, Westminster and Camden

Economics

18 h. ago Mansion tax to wipe £10,000s off value of London homes hit by the new levy in Reeves Budget

One in four homes which will pay the property surcharge are in just three London boroughs; Kensington and Chelsea, Westminster and Camden

Economics

20 h. ago Starmer says budget did not break manifesto tax pledge and scrapping two

PM says: ‘We kept to our manifesto in terms of what we’ve promised. But I accept the challenge that we’ve asked everybody to contribute’Ask the Guardian your budget questionsShare your views on the new ‘mansion tax’Budget calculator: find out if you are better or worse offThe Conservative party is attacking the budget on the grounds that Rachel Reeves is putting up taxes supposedly to fund more spending on benefit claimants. Even though the rationale for this claim is questionable, the Tories were making it before the budget was announced, and Kemi Badenoch firmed it up last night, claiming it was a “Benefits Street budget”.On LBC this morning, asked if the budget meant “alarm clock Britain paying for Benefits Street”, Reeves said she did not accept that. She said 60% of the families that would benefit from the removal of the two-child benefit cap (the most expensive welfare announcement in the budget) were in work.I don’t think children should be punished by this pernicious policy ...

Economics

21 h. ago What does a 'mansion' look like in London? £2m homes that will be liable for Reeves' surcharge from 2028

Under Rachel Reeves’ new “mansion tax”, owners of properties worth more than £2 million will need to pay an annual surcharge on their homes. But what does a £2 million property look like in London today?

Economics

22 h. ago Reeves should have included more tax reform in budget to help growth, IFS thinktank says – UK politics live

Institute for Fiscal Studies director says chancellors continue to ‘shy away from meaningful tax reform that could move the dial’Ask the Guardian your budget questionsShare your views on the new ‘mansion tax’ Budget calculator: find out if you are better or worse offThe Conservative party is attacking the budget on the grounds that Rachel Reeves is putting up taxes supposedly to fund more spending on benefit claimants. Even though the rationale for this claim is questionable, the Tories were making it before the budget was announced, and Kemi Badenoch firmed it up last night, claiming it was a “Benefits Street budget”.On LBC this morning, asked if the budget meant “alarm clock Britain paying for Benefits Street”, Reeves said she did not accept that. She said 60% of the families that would benefit from the removal of the two-child benefit cap (the most expensive welfare announcement in the budget) were in work.I don’t think children should be punished by this pernicious policy any lo...

Politics

23 h. ago Reeves dismisses Tory claims of ‘Benefits Street budget’ – UK politics live

Chancellor says 60% of families that will be better off after the two-child limit is scrapped are in workAsk the Guardian your budget questionsBudget calculator: find out if you are better or worse offThe Conservative party is attacking the budget on the grounds that Rachel Reeves is putting up taxes supposedly to fund more spending on benefit claimants. Even though the rationale for this claim is questionable, the Tories were making it before the budget was announced, and Kemi Badenoch firmed it up last night, claiming it was a “Benefits Street budget”.On LBC this morning, asked if the budget meant “alarm clock Britain paying for Benefits Street”, Reeves said she did not accept that. She said 60% of the families that would benefit from the removal of the two-child benefit cap (the most expensive welfare announcement in the budget) were in work.I don’t think children should be punished by this pernicious policy any longer. And the cost to society of this is huge, the cost for counci...

Politics

32 h. ago Mansion tax on properties over £2m, up to £7,500 a year, will COST Treasury before it comes in with less taken from stamp duty & CGT and will drag in more homes over years

Labour's mansion tax attack will hit 'normal' properties in London and the South East - and initially cost the government money, experts have warned.

Economics

36 h. ago 'Chilling effect' of Budget briefings cost London jobs, say bosses as Reeves defends her tax and spend plans

They also warned the Chancellor’s measures would have ‘little to no impact on growth in the round’

Economics

38 h. ago Grinch Rachel Reeves has announced a wave of tax rises in her Grim Reaper Budget

The Chancellor's brutal Budget hikes to fund £30billion will include a mansion tax on expensive homes, 20% VAT slapped on private taxi fares and a £3billion raid on pensions

Economics

38 h. ago Grinch Rachel Reeves clobbers UK with a wave of tax rises in her Grim Reaper Budget

The Chancellor's brutal Budget hikes to fund £30billion will include a mansion tax on expensive homes, 20% VAT slapped on private taxi fares and a £3billion raid on pensions

Economics

39 h. ago How to beat Rachel Reeves'  mansion tax: The nine measures that could save you a huge bill

Homeowners with valuable properties will be forced to hand over between £2,500 and £7,500 to the Treasury every year from 2028 in a so-called 'mansion tax' sting.

Economics

39 h. ago How to beat Rachel Reeves' brutal mansion tax: Our experts reveal the nine simple measures that can save you a huge bill

Homeowners with valuable properties will be forced to hand over between £2,500 and £7,500 to the Treasury every year from 2028 in a so-called 'mansion tax' sting.

Economics

41 h. ago Government targets expensive homes and landlords with property taxes

Experts said the new high value council tax surcharge, dubbed a ‘mansion tax’, could have knock-on effects for the property market.

Politics

42 h. ago Use our interactive calculator to find out how much more YOU will pay after Rachel Reeves's tax bomb Budget

Stealth taxes, changes to pension contribution allowances, a mansion tax and a new levy on electric vehicles are among the measures hitting voters in the wallet.

Economics

42 h. ago From mansion tax to cash ISA changes: Key announcements in Reeves’ Budget

The chancellor has unveiled £26bn worth of tax rises in the Commons as she attempts to plug a multi-billion pound gap in Britain’s ailing public finances

Economics

43 h. ago Huge change to council tax with four new categories and £7,500 annual charge

Chancellor Rachel Reeves announced the so-called 'mansion tax' measure during Wednesday's Budget speech

Economics

43 h. ago Rachel Reeves Budget's 10 key points as major benefit and ISA changes explained

Chancellor Rachel Reeves unveils £26bn tax rises including mansion tax on homes over £2m, scrapping the two-child benefit limit, rail fare freeze and minimum wage hike

Politics

43 h. ago Budget 2025: All the property announcements from Chancellor Rachel Reeves

From the introduction of a ‘mansion tax’ to increasing the tax on property income, here are the property announcements contained in today’s Budget

Politics