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.

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.

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

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 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.

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

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, 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.

no, they have paid to live their just like a person with less money would pay normally to live in the home they live in currently.

No, the majority of high-value property inheritance can effectively dodge conventional taxation already - improve measures that target loopholes/exemptions

A tax should be imposed on home owners who poses more than 1 home valued upwards of £100,000, landlords should also be fined for every vacant property they have if a tenant hasnt occupied it in a year to increase home ownership

Yes, but this should be adjusted according to house prices in specific areas, and depending on second homes.

Everyone should pay the same but should be more support for the lower income families as some worry and struggle after paying tax where as richer families they don’t really see the difference.

Yes, but the value should vary depending on location e.g. £2m is a small terrace in London but a "mansion" in the Highlands

Yes, if the following circumstances apply:
- The homeowners are also making a sustainable profit that is not predicted to lower in the next five years in the top 25% of citizens
- The site is not being used for educational/historical/communal/religious purposes (it contains a church of significance, has a museum on its grounds that collects funds not given to the homeowner etc)

No, reform council tax, business rates and stamp duty land tax into a single proportional property tax or a land value tax instead

A farm, smallholding, house with land is obviously worth more than just a house so this issue of a mansion doesn’t work.

Yes, but foreign owned property should be taxed even more. Also, no more shell company owned properties.

Increase the council tax bracket on properties above a D and introduce a poll tax on multiple persons living in a dwelling.

The more houses cost, the more people will own a £2m house without actually getting to that point of wealth.

It depends on inheritance and peoples actual earnings and money. You can be rich in property but not actually rich

Yes, this will help reduce wealth inequality in the UK but increase it even more on foreign owned property.

Yes, but only if they are deriving an active income from it or selling it, if they are actively living in it then council tax should reflect the mansions value and be higher

If they bought it and it’s not a prize or gift

Add a ladder tax on second and subsequent houses

Not in London

Homeowner tax should be based on emission and size of land upon which the home is based i.e size of property rather than value

No, but there should be a heavy tax on second homes (not properties to let)

Yes if there net worth is above £1 millIon pounds

Reform council tax and abolish stamp duty

Eat the rich.

they will have more money so they should pay more then people who don't have a lot

implement a full system of land taxes, similar to the works of henry George.

Yes, and tax the royal family

Vary this amount depending on where the mansion is in the uk as £2m is not such an indication of super rich in London.

Yes, but only on properties valued at over £10m.

Introduce a wealth tax on all assets over a threshold

They should pay taxes on second homes, for those who are dual nationals or foreign nationals.

again, depends on what they’re going to spend their money on; yes, if it’s being spent on things which benefit society and the environment

Yes, but the value of a 'mansion' will differ greatly by area of the country, £2m in the south East, would not be the mansion in the North of England, so this should be accounted for. AND the value of a mansion should move annually with house prices, not stay fixed otherwise in 10, 20 years time we could find most people live in a semi-detached mansion!!

Yes, but also it should also be based on income/revenue including off shore bank account. Just because someone owns a £2m mansion doesn't mean they earn a high amount annually.

Yes and also implement a tax for foreign owned properties or abolish foreign people who are not in the UK to be able to own properties when there's already a national shortage for low income families.

Yes, but it should be a one off amount (a certain percentage of the purchase price) that is payed at the time of purchase

Tax corporations at the same rate as individuals and capital gains the same as income. Add more upper levels of income tax to disincentivise hoarding. Raise the personal allowance to allow the lowest earners keep what they earn. There is no excuse for billionaires

No, Implement a land value tax instead.

Similar to the proposition of raising taxes on the wealthy, only if other reasonable avenues (I.E. those which do not involve cutting essential services or increasing borrowing) have been exhausted. It should also be accompanied by a collective, nationwide, participatory exercise to reconsider the values that guide our behaviour.

Depends on what else they have