Mansion tax to encompass more homes

27th June 2014

Knight Frank has found that the number of properties that would be hit by a proposed mansion tax has doubled over the last five years due to inflation in central London, with houses valued at £1.2m in 2009 now in range to pay it.

Many homes not previously "thought to be mansions in 2009, have effectively been re-designated as such", said the agent.

Source:  Financial Times (26/06/2014)