Overview
- Around 300,000 properties in bands F–H would be targeted, with roughly 100,000 of them flats, according to Hamptons analysis.
- Eligibility is reported to focus on homes around £1.5 million and above after revaluing about 2.4 million properties still banded off 1991 values.
- Hamptons estimates an average surcharge of roughly £2,000, which could push some annual council tax bills above £6,000.
- More than 90% of the burden would fall on London and the South East, with concentrations in Kensington and Chelsea, Westminster and Camden.
- A deferral payable on sale or death is being considered, a separate 1% annual levy above £2 million has also been floated, and opposition figures including Mel Stride have criticised the idea.