Mansion tax police 'to target houses with nice views, conservatories'
Inspectors charged with working out which homes are worth enough to be hit by the new property raid have a checklist of features they can use to push up their taxable value.
Inspectors assessing a new property levy, referred to as a ‘mansion tax’, will reportedly use a checklist of features including scenic views, conservatories, and parking spaces to determine taxable value. Refusal of internal inspections by HMRC agents could result in fines, with the tax set to take effect in 2028 across four price bands.
- Inspectors will use a checklist of features to assess property values for a new ‘mansion tax’.
- Features like conservatories, large garages, scenic views, and multiple parking spaces can increase taxable value.
- Internal inspections by HMRC agents will be possible, with refusal being a criminal offense punishable by a fine.
- The high-value property surcharge will begin in 2028, with rates ranging from £2,500 to £7,500 annually based on property value.
- The tax is expected to affect less than 1% of properties in England.
https://uk.layer3.press/articles/8e81c53c-549f-4bc9-b99d-6a6a87bd4c4d
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