LA to implement ‘mansion tax’ of up to 5.5%

A vote on Tuesday could introduce a new transaction tax on sales of homes and property above $5mn in La La Land.

"Switzerland’s wealth tax offers a rare real-world example of how a levy on assets can work, just as such ideas gain traction elsewhere in the wake of the coronavirus crisis," writes Bloomberg journalist…

London, New York & Dubai lead the way for HNWI home-buying intentions, reports Knight Frank.