Autumn Budget: 270,000 Homes Could Face New Tax

Britain’s proposed mansion tax could reach far more homes than first expected. The original plan would apply to properties worth over £2 million from April 2028. Now, reports suggest the threshold could fall to £1.5 million, potentially bringing around 270,000 homes into the tax. We explain the proposed annual charges, why some Labour MPs are concerned, and how the change could affect homeowners in London and beyond. Could the threshold fall again in future, or could rising house prices bring more families into the tax over time? Watch our breakdown, then tell us what you think in the comments below.