Should homeowners pay higher taxes on "mansions" valued over £2m?

Yes, but only on properties valued at over £5m.

No, only those worth more than £10m

everyone should pay the same

Yes, especially since the government has issued the bedroom tax, targeting many lower income families. Having seen local residents forced to move out of their homes because they cannot afford the bedroom tax, they should also bring in the mansion tax. The wealthy have not seen any tax increases under this government, theirs have been cut, yet the lower class families have been far worse off especially due to services cut by the same government that's cutting taxes for the higher class.

Increase the threshold value, as in the current market, 2 million pounds is not actually that large of a house

Progressive Structure: Instead of a flat mansion tax, implement a graduated system (e.g. 0.3% on £2–3m, rising in tiers beyond that).
• Deferral Options: Allow low-income residents to defer payment until the sale of the property, preventing unfair burdens on the elderly or “cash-poor” homeowners.
• Council Tax Reform: Consider updating council tax bands to reflect modern property values, which may be a more effective long-term solution.
• Targeting Empty or Investment Properties: Apply higher rates to second homes or properties owned by non-resident investors, rather than all owner-occupied homes.

Yes, but only on properties that are purchased at that cost, not for those who have built their houses from the ground up & then have had their property valued at that price.

Yes, but make it a flat tax on owned property value with a high minimum tax free value, to abolish the unfairness of council tax.

Yes, with additional tax for foreign owners for all property who use property as a investment vehicle.

Yes, but make it gradual

Yes but thresholds should be different depending on area

Yes but the threshold should be 10 million plus. And it should be a fair affordable rate. So £1000 a year if your property is 10 million.

Yes to help reduce wealth inequality and also implement a higher tax on unused holiday homes etc and foreign owned land

Only on 2nd homes, foreign owned homes or property outside of London

Yes, with a higher threshold for London

Yes, but the bracket should be raised with inflation. Do not allow fiscal drag.

Yes, and prevent all property from being under foreign ownership

Yes but only after the homeowners have been means tested.

No, introduce a land value tax

i think yes but not by a lot

Yes, but can only decide the amount of the owner's income and the tax should be a bit small.

Yes , but only based on how much they earn , and it should be a bit low.

Foreign-owned property should definitely be taxed! Many homes have come into this bracket in recent decades - hard-working people have viewed these as their pension pot. They are also really expensive to maintain! So no, I think the threshold should be more like £5m at least!

Yes, and ban foreign owned property

No, abolish property taxes, in favour of a land value tax and Pigouvian taxes

No, abolish property tax, in favour of a land value tax

Yes and use the money to lower rent prices and fund essential services.

Yes apart form farmers

maybe but some older people own expensive houses and no longer have income

I think it depends on their income, 'mansions' could be inherited or the value has gotten higher overtime due to location and other factors

No because owning property means the money is tied up.

Yes, but at a higher threshold

Yes, but if the building is a working building such as a farm then it should not be subject to additional taxes

Yes, but the value threshold should reflect the price of property for each area.

Yes, except in London and other cities with particularly high property prices

Yes, but only for individuals who are cash-rich, as well as asset-rich. If they're asset-rich, but cash-poor, exemptions should be made

Yes, there should be a lower tax for house under 2million (e.g. 0.2%) with those over paying higher rate (e.g. 2%) , so for 2 million homes there overall rate would be 2.2% added as taxable income.

Yes, but there should be a scale based on areas of the country - £2m in London doesn't buy you a 'mansion' compared to anywhere outside of the M25 for example

Yes, but especially absentee landlords.

A house in London or in other high value spots worth £2m is a very different proposition to a house of similar value elsewhere. This question needs to be more nuanced.
In principle, property taxes should focus mostly on the relative demand for public services provided, so simple house value may not be the best measure.
But houses should be taxed whether or not they are the principal residence

Yes, but the thresholds should be higher than £2M as many properties in the South are likely to be close to that without the owners being “rich”.

Adding fixed monetary limits into legislation never works, rules need to consider both inflation and relative house prices in a region.

I think the threshold needs to be higher. These days properties are so expensive I doubt you’d get a “mansion” for £2m

Yes, but only if not an historic building. There should also be an added amount for foreign owned property.

2 million is not high enough threshold, taxing large second homes would be a better option. this tax does punish homeowner by effectively multi taxing them

Yes, but make it properties over 3million and Implement tax on foreign owned property and again increase that percentage with wealth.

Yes but not crippling taxes, shouldn't be about punishing the rich for being successful, but they could help the local community through taxes

They should have to pay ‘mansion tax’ but depending on the value of their house. The more it costs the more you pay. And certainly foreign owned properties should be taxed higher too.

Outside of London and other high value areas. Basically only if the property actually is a ‘mansion’

No, this de-incentivises people from all backgrounds to become somewhat successful. If this were increased to £10m houses for the very successful then yes.

Yes, if their available cash and assets are equal to or greater than the national living wage equivalent

No, but ban foreighners from buying land here

Raise that threshold as many properties have increased to this value e.g. 3 millionand it is unfair to those in higher cost property areas

Council tax should be reassessed, but this could represent a higher tax on those whose properties have increased in value beyond their control. Income tax should be used to balance this.

I’m unsure

No since the it will only be a 5-10% increase on the taxes which the homeowners have to pay if they own a property worth over £2m but it would still help in wealth inequality within the UK

Yes, but not in those of historical/ familial/ sentimental/ cultural value or those that aren’t fully owned by those living there like mortgaged

No, those shouldn't exist. All should be either converted into public buildings/multiple affordable homes, or torn down and turned into natural space.

No. Any tax should be based on a person’s income, not the price or value of their home, except for the new Proportional Council Tax model I support.

The value of a home does not reflect the residents wealth. It would be unfair to tax someone who did not squander their earnings.

I believe land value should be taxed independently of the value of the improvements made to the land

No, but implement the tax on foreign owned property. foreigners are people who do not live in the country to exclude immigrants

Yes, but this is because people wouldn't want to buy overly large homes, meaning that they could get replaced with lots of smaller houses

Yes, if owner has multiple residential property, if residential property is in foreign territory (outside UK boundaries), or used for malicious intent.

Yes, and pay the taxes from the homeowners with "mansions" to fund education, the NHS (healthcare sectors), infrastructure, and other important areas.

No, but those on property worth over 4 million. Those with a mortgage still to pay pay a reduced rate

It depends on the area - £2million in London is a different sized property to one for £2million in Liverpool where earnings are different

Yes, provided they possess a large income. You shouldn’t put massive tax on someone’s property should it possess historical value.

Should depend on occupancy and area (in London, a large family could conceivably live appropriately in a 2m house)

Yes, but they need to be safeguards for those whose only asset or whose principal asset is a house where they otherwise have insufficient income to support themselves.

Yes but for more expensive mansions such as mansions valued over £10m otherwise that would impact some higher middle class families.

Yes, but not if it is their main residence (if are away from their home for more than 90 nights per year, they pay, otherwise not).

Yes and more if the value is higher, there comes about where you earn so much you should be inclined to help some people just aren't as smart

Yes, but allow for a bi-annual review of this value to keep in line with inflation - the increase being max-locked at the cummulative inflation increase during each period.

Yes but houses should be properly valued and allow for annual inflation - and it should be tapered so tax increases the more it’s worth.

Yes but should not be a flat £2 million, should be a percentage of average property value in the local area

Yes, but enact exemptions for heritage sites and non profits with interest in preserving old buildings.

With the property prices rising exponentially, a new system must be created to appropriately tax homeowners with a significantly expensive property. Furthermore the number of properties owned by a single entity must be regulated.

Yes, provided the 2 million limit rises at the same pace as house inflation. The criteria perhaps should relate to to mansions only, frozen thresholds could see some more usual houses in certain areas excessively taxed if the threshold is frozen for many years.

We have already seen that happen to 40% tax. Many more regulsr jobs pay it than was ever intended

No but the system of Council Tax bands should be reviewed. People in poorer areas should not be paying more in Council Tax than private in affluent areas of London and the South East.

Yes, and there should be more housing tax bands to accommodate properties worth a substantial amount.

No, but implement the tax on foreign owned property. And implement higher taxation on any empty properties.

Taxes should differ, all aristocracies and mansions should contribute their wealth to the betterment of this country.

Supply side issues should be resolved first and property taxes should be based on land area/value, and possibly useable space in cities.

No, House values vary so much across the UK, this is therefore a tax that isn’t a level playing field

Yes but only if the threshold goes up or down with the real prices of houses as many houses are above 1 million/2 million that wouldn’t have been 5 or even 2 years ago. It needs to be proportionate

Increase council taxes on VERY valuable houses - some very small properties could be worth 2 million nowadays!

That would be unfair, just because you have a house worth £2m doesn't mean to say you earn a lot of money. Council tax should be based on the number of people living in a house, more people create more waste, etc. Anyone over the age of 16, not in full time education should pay council tax, a percentage of what they earn for example

Yes, but with the threshold set on a regional basis based on the median house price with a review after 3 years

It should be a combination of income and property value, Basically yes but not if they have to leave their long term home

Property values differ throughout the country. In some areas £2m would not constitute a description of a mansion. Many people are living in terraced houses that are reaching high values.

No. It is too complicated - it depends where in the country the house is. £2m in Scotland will go a lot further than London.

This could mean families lose their family homes as they can’t afford to run them. So not straight forward.

I don’t care if someone buys a mansion, I do care about foreign investors buying up British real estate

Yes, when selling houses or on second homes. firstget the spiralling cost of housing under control, in london a 2m home is not that decadent

No, but finding a balance and reducing the wealth gap and inequality should be more looked into and solved.

because if they have enough money to buy the mansion with their own money they should be able to do taxes

No, if someone can afford a house of that value then they are most likely in the top tax bracket and are already making a very large contribution.

Yes but in a structured manner of increasing values equals increased tax. Additionally foreign owned property should have some level of additional tax if it is not being resided in by a UK citizen.