Report: Burnham May Lower Mansion Tax Threshold to £1.5m, Affecting 150,000 More Homes
By
Rachel Hayes
1h ago· 3 min readenNews
Summary
A Sunday newspaper report claims that Andy Burnham, the prime-minister-in-waiting, is considering lowering the threshold for Labour's planned "mansion tax" from £2 million to £1.5 million. This change would pull more than 150,000 additional families into the levy, which is officially called the "high value council tax surcharge" under Chancellor Rachel Reeves' existing plans.
Source
bskyReport: Burnham May Lower Mansion Tax Threshold to £1.5m, Affecting 150,000 More Homesthetrendswire.comKey quotes
· 2 pulledAndy Burnham hasn't taken office yet, and he's already facing a tax fight over homes he doesn't own.
The change, first reported over the weekend citing unnamed sources close to Burnham, would apply to what's officially called the 'high value council tax surcharge.'
Andy Burnham is reportedly considering lowering the mansion tax threshold to £1.5m, a move that would affect more than 150,000 homeowners.
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