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

During Wednesday's Budget speech, Chancellor Rachel Reeves unveiled proposals to impose increased Council Tax rates on high-value properties - what some are calling a 'mansion tax'. The Government revealed that from April 2028, it intends to bring in a new High Value Council Tax Surcharge (HVCTS) targeting owners of residential properties in England valued at £2 million or above.

A public consultation on the surcharge's specifics will take place in early 2026. On Friday, the Valuation Office (VO) provided additional information about how the scheme will operate.

It confirmed the surcharge would not be c

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