Mansion tax threshold cut could widen property tax net

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The UK government is considering lowering the Mansion Tax threshold from £2 million to £1.5 million. Tax experts warn that this reduction could gradually increase the number of properties subject to the tax due to fiscal drag.

The proposed Mansion Tax could affect significantly more properties if the government reduces the threshold from £2 million to £1.5 million, with tax experts warning that fiscal drag could gradually expand its reach over time. The post Mansion tax threshold cut could widen property tax net appeared first on PropertyWire.