Andy Burnham to tax 300,000 homes as Labour accused of 'damaging the value'
- Posted on September 20, 2026
- By The Daily Star
- 1 Views
- 1 min read
In brief
The UK government is examining proposals to reduce the mansion tax threshold from £2m to £1.5m, potentially affecting approximately 300,000 residential properties nationwide. This policy shift has drawn criticism from opposition parties who argue it could devalue homes and place additional financial burden on middle-to-upper class homeowners. The proposal represents a significant expansion of the tax bracket, impacting a substantially larger portion of the property market than previously anticipated.
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Andy Burnham to tax 300,000 homes as Labour accused of 'damaging the value'
The government is considering plans to lower the mansion tax threshold to properties worth over £1.5m, a move that could hit nearly 300,000 homes across the UK
