Mansion Tax could reveal high-value homes to burglars
Briefly

Mansion Tax could reveal high-value homes to burglars
"Plans for a new surcharge on homes valued over £2 million have prompted warnings from Kevin Hollinrake, Conservative Party Chairman, who described the policy as a "burglars' charter." He said the measure would put the addresses of high-value homes in the public domain and could make them targets for criminals. We look at how the mansion tax could make homes more susceptible to burglars and how it is predicted house prices and valuations will be handled and published once the Mansion Tax comes in."
"He said the measure would put the addresses of high-value homes in the public domain and could make them targets for criminals."
A proposed surcharge on properties valued above £2 million would require valuations that could be recorded and potentially made public, identifying high-value addresses. Kevin Hollinrake, Conservative Party Chairman, described the measure as a 'burglars' charter' and warned that published details could increase the risk of criminal targeting. Public access to valuation data or address lists could create security and privacy concerns for affected homeowners. Implementation will require methods for assessing house prices, determining thresholds, and deciding how valuations and related property information are stored, handled, and published.
Read at Homebuilding
Unable to calculate read time
[
|
]