Mansion tax' would stall home sales and fuel exodus of super-rich, experts warn
Briefly

The Independent emphasizes on-the-ground reporting across issues from reproductive rights to climate change and Big Tech and relies on reader donations to fund journalists and keep content free of paywalls. Property experts warn that plans to impose a so-called mansion tax on high-value UK properties could stall housing sales and drive an exodus of the super-rich. Mortgage brokers and financial planners have criticized proposals to subject primary residences above a threshold to capital gains tax. The mooted plan would levy 24% of any gain for higher-rate taxpayers and 18% for basic-rate taxpayers, with a possible £1.5m threshold affecting roughly 120,000 homeowners.
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