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.
65% Yes |
35% No |
58% Yes |
28% No |
7% Yes, this will help reduce wealth inequality in the UK |
7% No, but implement the tax on foreign owned property |
See how support for each position on “Mansion Tax” has changed over time for 416k UK voters.
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See how importance of “Mansion Tax” has changed over time for 416k UK voters.
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Unique answers from UK users whose views extended beyond the provided choices.
@4WS739J3yrs3Y
Yes, but base worth on area prices instead of one blanket figure
@4WQVDS23yrs3Y
No, only those worth more than £10m
@4WM99SB3yrs3Y
everyone should pay the same
@4XM8PZB3yrs3Y
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.
@8SHM4RF3yrs3Y
No, Implement a land value tax instead.
@9FC5JFF7mos7MO
Yes, but only on properties valued at over £5m.
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