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27 Nov 2025
Who will be affected by the Rachel Reeves £2m mansion tax?
The new annual surcharge on homes over £2m has been positioned as a targeted, progressive measure, yet the maps tell a very different story. This is overwhelmingly a London and South East tax. Outside those areas, the proportion of £2m homes barely registers. In parts of central London, however, entire neighbourhoods sit far above the £2m thresh…
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