Rachel Reeves’ ‘mansion tax’ to hit about 160,000 homes, says fiscal watchdog
OBR analysis estimates one-fifth of affected property owners will appeal revaluations
OBR analysis estimates one-fifth of affected property owners will appeal revaluations

UK chancellor predicted to plump for ‘least worst option’ of creating higher council tax bands

Rachel Reeves unveils increase in property income tax as well as ‘mansion tax’ on expensive homes

Labour MPs warn chancellor that a possible £1.5mn threshold for the new levy would be too low

UK Treasury considers overhaul of property levies as ministers confront a hole in the public finances of at least £20bn

‘Mansion tax’ set to affect more than 100,000 properties, mostly in London and the south-east

Burden to reach 38% of GDP by end of parliament