Are prime property tax plans brave or misguided?

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Feature

Savills' Head of UK Residential Research Lucian Cook grasps the political hot potato, assessing the potential impact of a mansion tax on the prime housing markets of the UK.
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There were sighs of relief around Chelsea, Mayfair and Hampstead Village yesterday afternoon, as the Chancellor surprised us all by announcing that "there will be no new property taxes" in his Autumn Statement.
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Strutt & Parker has warned that Scotland's Stamp Duty replacement, due to kick-in in 2015, could wobble the top-end of the property market north of the border, especially in prime areas around Edinburgh…