Full details of new Council Tax bands confirmed after major announcement in Budget View Image

During her Budget speech on Wednesday, Chancellor Rachel Reeves announced plans to levy higher levels of Council Tax on expensive properties - dubbed the 'mansion tax' by some. The Government announced that, from April 2028, it plans to introduce a new High Value Council Tax Surcharge (HVCTS) on owners of residential property in England worth £2 million or more.

A public consultation on details relating to the surcharge will be held in early 2026. On Friday, the Valuation Office (VO) gave more details on what the scheme will look like.

It said the surcharge would not be determined by current Council Tax bands, which are based on property values from 1991. For example, bands F, G and H will no

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