Rumourmill: Chancellor 'plotting mansion tax raid' on £2mn+ homes

The Chancellor is reportedly looking into charging Capital Gains Tax on top-end homes, and/or the prospect of an annual levy on the most expensive properties.

A flurry of Treasury leaks & speculation surfaced over the summer holidays, including proposals to end Stamp Duty, extend CGT & IHT, and to introduce a new annual property tax.

'Cascading risks' loom for the capital, as escalating extreme weather events mean 'around 43% of London properties are likely to be affected by subsidence by 2030.'