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Mansion Tax at £1.5m - what will this mean?

856 replies

MaureenOHara · 20/09/2026 09:27

Does anyone have any idea what this might mean for an individual and what it might do to the market. What happened to the £2m market and will that be replicated or is it different?

OP posts:
Araminta1004 · Yesterday 14:56

Is your main concern that a fundamental principle of society should be that all people need to pay their own way over their lifetime?
And how do we measure pay their own way? Because some jobs add value but the economic systems we have created do not reflect the human value added.
I think it mostly boils down to that.

PigletJohn · Yesterday 20:35

@NorthXNorthWest
"You are the one who cannot articulate a single good reason why a worker who buys an expensive home (the only home they own and the one they actually live in) should automatically pay more tax because property is worth more."

You are asking me to justify the Council Tax, which is a tax on homes somewhat proportional to their value. . I reject your challenge. I have no interest in arguing whether a property tax is better or worse than a tax on salt, or tea, or windows, or gold bars. Nobody on here wants to do that.

I am sorry you have not yet grasped my point that we have a tax on houses, and that in most cases, the amount of tax levied is to some extent proportional to the vskue of the home. For most of us, the person with the more expensive house pays more tax than his neighbour with a less expensive house.

However, the Council Tax system has been designed so that this principle is not applied to people with the most expensive houses. They do not pay any more tax even if their house is ten or a hundred times more valuable than their neighbours house that is also in the top band.

If we have a tax on homes (which we do) and if the amount of tax is in most cases, somewhat proportional to the value of the home (which it is), then I see no reason why the residents of multi-billion pound homes should not pay more than the residents of homes that are only worth a milloon or so.

Glad to be able to help you.

NorthXNorthWest · Yesterday 20:37

PigletJohn · Yesterday 20:35

@NorthXNorthWest
"You are the one who cannot articulate a single good reason why a worker who buys an expensive home (the only home they own and the one they actually live in) should automatically pay more tax because property is worth more."

You are asking me to justify the Council Tax, which is a tax on homes somewhat proportional to their value. . I reject your challenge. I have no interest in arguing whether a property tax is better or worse than a tax on salt, or tea, or windows, or gold bars. Nobody on here wants to do that.

I am sorry you have not yet grasped my point that we have a tax on houses, and that in most cases, the amount of tax levied is to some extent proportional to the vskue of the home. For most of us, the person with the more expensive house pays more tax than his neighbour with a less expensive house.

However, the Council Tax system has been designed so that this principle is not applied to people with the most expensive houses. They do not pay any more tax even if their house is ten or a hundred times more valuable than their neighbours house that is also in the top band.

If we have a tax on homes (which we do) and if the amount of tax is in most cases, somewhat proportional to the value of the home (which it is), then I see no reason why the residents of multi-billion pound homes should not pay more than the residents of homes that are only worth a milloon or so.

Glad to be able to help you.

Edited

What do you think stamp duty is?

You still have not given a valid reason.

What you do or do not see is irrelevant.

HTH

PigletJohn · Yesterday 20:41

NorthXNorthWest · Yesterday 20:37

What do you think stamp duty is?

You still have not given a valid reason.

What you do or do not see is irrelevant.

HTH

I am not discussing Stamp Duty. It is not the topic of this thread.

NorthXNorthWest · Today 00:15

PigletJohn · Yesterday 20:41

I am not discussing Stamp Duty. It is not the topic of this thread.

Nor are free rides and gold bars and yet there you were...

Not happy being called out, so you try to move the goal posts. I bet you were a fun child. Did you take your toys home every time you didn't get your way?

PigletJohn · Today 07:58

If you have anything to say about why proportionality should, or should not, apply to the residents of the nations most valuable homes, please do.

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