Government considers lowering mansion tax threshold to £1.5m

Summarised from 2 outlets · 3 reports · Updated 22 Sept, 23:03

The government is considering lowering the mansion tax threshold from £2m to £1.5m, affecting nearly 300,000 homes.

The mansion tax was introduced by former chancellor Rachel Reeves in last year's Autumn Budget at a £2m threshold, intended to raise over £400m. The government now considers lowering this to £1.5m, which would nearly triple the number of affected properties. Labour MP Rachel Blake has expressed concern that this would unfairly target family homes.

How it is being reported

• Labour MP warns Healey against lowering mansion tax to £1.5million as figures show it would catch double the number of homesDaily Mail · 22 Sept, 22:44
• How mansion tax changes could triple the number of payers in suburban LondonCity AM · 22 Sept, 01:58
• Labour mansion tax raid to hit homes worth £1.5mCity AM · 20 Sept, 10:30

In this story: Labour · Rachel Reeves · Rachel Blake

This summary was written by AI from the headlines and standfirsts above, and states as fact only what at least two outlets report. How we use AI · Report a problem