Currently, the UK does not tax residential property on an annual basis. The "Mansion Tax" is a proposed annual property tax on homes valued at or over £2 million that would increase tax revenue to allow for a decrease in tax rate for low earners. Proposals estimate that properties valued between £2m and £3m would pay £3,000 per annum, but properties over £3m would pay considerably more. Commentators have suggested that in order to raise the projected £1.2bn, the Mansion Tax payable on homes over £3m would have to be £28,000.
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Response rates from 488k UK voters.
66% Yes |
34% No |
59% Yes |
27% No |
6% Yes, this will help reduce wealth inequality in the UK |
7% No, but implement the tax on foreign owned property |
Trend of support over time for each answer from 488k UK voters.
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Trend of how important this issue is for 488k UK voters.
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Unique answers from UK voters whose views went beyond the provided options.
@4WS739J4yrs4Y
Yes, but base worth on area prices instead of one blanket figure
@9FC5JFF1yr1Y
Yes, but only on properties valued at over £5m.
@4WQVDS24yrs4Y
No, only those worth more than £10m
@4WM99SB4yrs4Y
everyone should pay the same
@4XM8PZB4yrs4Y
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.
@9QKFXSH8mos8MO
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.
@9QK948W8mos8MO
Yes but for more expensive mansions such as mansions valued over £10m otherwise that would impact some higher middle class families.
@9QJWJ698mos8MO
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).
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