What does 2026 hold for London property owners? Opinion Ordinary London home owners are set to be hammered by Rachel Reeves’ Mansion Tax and skyrocketing council tax. But the capital will prove resilient, says James Evans It’s going to be an interesting year ahead for the capital’s property owners and how they deal with the fallout from the Budget. Central to this is how London [...]
A mansion tax would hit ordinary Londoners and stall the market Opinion A rumoured tax raid on sales of properties over £1.5m would be a disaster for Londoners, says James Evans With the Treasury neither confirming nor ruling out the prospect of a so-called ‘mansion tax’ – a capital gains levy thought to be based on the sale of primary residences above £1.5m – uncertainty is already [...]
The non-dom exodus is harming London’s housing market Opinion Punitive taxes and onerous regulation on landlords are leading the wealthy to sell up and leave London – with knock-on effects at all levels of the housing market, says James Evans As CityAM’s Editor-in-Chief recently pointed out, ‘The UK only has around 70,000 non-doms, and that number is falling fast. More than 11,000 millionaires, [...]
