High value council tax surcharge

A proposed new policy in the UK would introduce a new band of council tax for properties valued at over £1.5 million, with owners facing a significant increase in their tax bills.

The policy, which is currently in consultation, aims to reduce the number of high-value properties in the area by making them less attractive to owners.

According to a report by the UK's Office for Budget Responsibility, the policy could raise an extra £1.2 billion in tax revenue by 2025.

However, critics argue that the policy is unfair and will disproportionately affect pensioners and other vulnerable groups who own high-value properties.

"The proposed surcharge is a stealth tax on the wealthy, which could drive up the costs of owning a high-value property and make it less attractive to investors."

The proposed policy has sparked a heated debate, with some arguing that it is a necessary measure to address the issue of high-value properties, while others see it as a form of wealth tax that targets the wrong people.

Author's note: This policy aims to address the issue of high-value properties, but its effectiveness and fairness are still debatable. It will be interesting to see how it is implemented and how it affects the property market.

Local Government Association — 2025-11-26

High value council tax surcharge

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