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Daily Mail request – Opinions on mansion tax from high earners

ended 25. November 2025

Request from the Daily Mail:

Just wondered if you're able to put a call out for any of your small business people at the higher end of the income sale who might be willing to write down their thoughts on the mansion tax please? 

We're interested in getting case studies of people who will be affected by the change - rather than financial experts talking about it.

The Chancellor is expected to announce a levy on homes in Bands F, G and H as she tries to fill a £20bn black hole in the public finances.

It was initially set to apply to 300,000 households in properties valued over £1.5m, but will now apply to 150,000 households with homes worth over £2m, it has been reported.

Please only comment if you are affected by the mansion tax:

  • If you are affected by the mansion tax, what are your thoughts on the changes?
  • Is it an effective policy, or will it backfire?

Responses ASAP please.

2 responses from the Newspage community

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Editor
Kate Allen
Owner at Finest Stays
When you manage over 100 high-value holiday homes, most worth £2m+, you see very quickly how sensitive the top end of the housing market is to policy shifts, and these proposals risk slowing it dramatically. We’re already seeing developers choosing to holiday-let rather than sell because the economics now make more sense.

If a mansion tax can be avoided by switching to business rates, we’ll see a wave of wealthy homeowners letting for the 70+ nights required to qualify. And if a mansion tax still applies even on business rates, we’ll be under even more pressure to drive higher-value bookings simply so owners can cover the rising cost of holding a high-value home.

High-value homes aren’t just luxury assets; they’re a major economic engine. Discourage ownership or development at the top, and you don’t just hit wealthy individuals, you hit the entire ecosystem of trades, suppliers, builders, local businesses and tourism that depends on them.
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Editor
Samuel Mather-Holgate
Managing Director & IFA at Mather and Murray Financial
A mansion tax, in principle, is a good progressive idea that should work for the economy and working people. However, implemented badly and it’s counter productive and damaging to the economy. Guess what route this might go down? It’s rumoured Reeves’ plan will only generate £400m but adding an additional council tax band for properties worth over £2m; this is peanuts in comparison to what she needs to find. The trade off is that the market in luxury properties will be damaged, house prices fall and tax receipts in other areas like stamp duty significantly reduced. There is such as lack of comprehensive thinking in the treasury, it should worry everyone. Reeves won’t have q job by Christmas, but the way it looks that might be a relief for her- she doesn’t know what she’s doing