Will the Proposed Mansion Tax Affect You?.

John Healey is proposing to lower the mansion tax band to properties worth £1.5m to £2m from April 2028, with a fee of £2,500 pa. I'm certain that many properties in the borough will push well into that band, but who will it affect?. If you rent a flat in a large house the owner will almost certainly divide the cost across the tenancies. Retirees on meagre pensions will be hit, along with many properties across Crouch End and probably most of Highgate. For the comparative pittance of £800m to the national budget, the knock-on effect has many implications which could well affect the unique balance of the borough.