Over 140,000 UK properties could be hit by Rachel Reeves’ proposed mansion tax. Homes worth £2 million or more would face annual charges of 1% on the excess value. That’s £10,000 a year for a £3 million property.
Property experts are calling it a “blunt and crude instrument” that could damage the housing market. The Tories say it’s class war. Is this fair taxation or punishment for aspiration?
Watch to find out what this means for middle-class Britain and why it could affect everyone, not just the wealthy. The Budget is coming soon and your home could be next.
Credit to : BRITAIN NOW