Westminster plans new voluntary ‘mansion tax’ for £10m+ homes

Common sense or thin end of the wedge?

"How can it be right that the foreign buyer last month of a £140 million flat in Westminster will pay just £26 a week in council tax — the same as the average-value property in that council area?

Promises made to homeowners in the £2m-£3m bracket mean that people owning properties worth more than £3m would pay an average of £23,775 in Mansion Tax per annum, according to new research by CBRE.