Beyond the £2m threshold: Why the new High-Value Council Tax Surcharge needs careful design
The consultation may be over but some of the most important details are still very much up in the air; Hannah Catt looks at the key issues that could determine how the new regime works in practice.
Hannah Catt specialises in all areas of residential property matters, including dealing with sales and purchases, re-mortgages and lease extensions.
What to read next
Six ways the new High Value Council Tax Surcharge could change the luxury property market
From shifts in pricing and transaction levels to new-build activity, the OBR has released fresh forecasts for how the prime resi market could be affected by 2028's new annual levy.
By PrimeResi
Time for some hard yakka: Lucian Cook on the reality of the High Value Council Tax Surcharge
Deciding on a High Value Council Tax Surcharge was the easy bit, says Lucian Cook, Head of Residential Research at Savills. Implementing it is where the hard work really starts.
By Lucian Cook
Mapping the Mansion Tax: Exploring Britain’s £2mn+ property market
TwentyCi delves into the reach & real-world ramifications of 2028's High Value Council Tax Surcharge - suggesting it is already shaping high-value housing behaviour.
By PrimeResi
Most read
PCL heavyweight Willis joins Forbes-backed brokerage
EXCLUSIVE: Former Strutt & Parker board member signed up as Founder Partner and MD as Martin Bikhit builds out new UK luxury agency.
Warwick revives 1880s Notting Hill terrace as luxury resi scheme
Four top-spec residences will be released to the market throughout the autumn.
Billionaires’ Row mansion changes hands for £30mn
Official records reveal big-ticket resi deal on one of north London's most famous addresses.
US buyer lands super-prime pied-à-terre at The Whiteley
PCL buying agency sources off-market 3,000+ sq ft apartment at landmark Bayswater scheme, amid signs of 'real momentum' returning to the prime London market.
Knight Frank appoints new Group CFO
'Knight Frank is primed for growth and I am looking forward to helping deliver this,' says Chris Davis.
By PrimeResi
High-profile royal mansion heading for the private rental market?
Former home of Andrew Mountbatten-Windsor has 30 rooms and is said to cost £400k-a-year to run.
Time vs Money: Ollie Marshall on the changing calculation for Britain’s wealthy
Top buying agent on the expats who left to preserve their money - but may ultimately return to preserve their time.
HMRC wins high-stakes developer tax battle
Tax authority said £5.4mn dispute potentially had £1bn implications.
Prime London deal volumes pick up as buyers negotiate rather than walk
Latest numbers put transactions 2% above the five-year average - but it’s a very different picture depending on where you look.
Trio of seasoned London agents sign to D&G’s self-employed broker model
Tania Smith, Dinishka Jayasena & Charlie Rosling previously held senior roles with the likes of Foxtons and Winkworth.
By PrimeResi
LATEST ARTICLES
Enness Global installs new Chief of Staff
Douglas & Gordon veteran joins the HNW finance firm.
By PrimeResi
Alex Michelin: How driverless cars will reshape the property market
Luxury development chief says driverless revolution could redraw the prime London map.
Aman unveils latest branded residences scheme
Ultra-luxe hotel group expands global resi portfolio as UHNWIs maintain strong appetite for branded format.
Four Charts: Inside Surrey’s prime property market in 2026
From a 15% post-mini-Budget correction to a 56% Surrey Hills premium, Savills data reveals what's been happening in 'one of the UK's most desirable residential markets'.
National short-let register to be ‘up & running in full’ by March 2027
New timeline revealed after Central London MP chases for news, but detail remains thin.
By PrimeResi