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 569 NW6 voters.
61% Yes |
39% No |
55% Yes |
28% No |
6% Yes, this will help reduce wealth inequality in the UK |
10% No, but implement the tax on foreign owned property |
Trend of support over time for each answer from 569 NW6 voters.
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Trend of how important this issue is for 569 NW6 voters.
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Unique answers from NW6 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.
@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.
@4WQVDS24yrs4Y
No, only those worth more than £10m
@4WM99SB4yrs4Y
everyone should pay the same
@9ZZ9XF23wks3W
Yes, if owner has multiple residential property, if residential property is in foreign territory (outside UK boundaries), or used for malicious intent.
@9QQMJNR6mos6MO
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
@9QQ4VB26mos6MO
It depends on the area - £2million in London is a different sized property to one for £2million in Liverpool where earnings are different
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