Tag: Rachel
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300,000 homes face new Rachel Reeves ‘Mansion Tax’
More than 300,000 properties could fall within the scope of a new ‘Mansion Tax’ being prepared for next month’s budget, according to leading housing market analysts. The Labour Government are understood to be developing plans to tax homes based on house prices, particularly those valued above £1.5 million or £2 million. While no final announcement…
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Will Rachel Reeves abolish stamp duty?
Chancellor Rachel Reeves is considering a major shake-up of property taxes that could see stamp duty abolished for most home buyers. Instead, a new “proportional property tax” could be introduced, targeting people who are looking at buying a house worth more than £500,000. The plans, still under discussion, aim to raise more money from higher-value…