Hilesh Chavda comments on Mansion Tax Proposal
The proposed mansion tax on homes valued above £2 million has reignited debate over the fairness and effectiveness of wealth-based levies.
Speaking to Business & Accountancy Daily, Spencer West Partner Hilesh Chavda cautioned that such a tax, while positioned as a fairness measure, risks creating uncertainty in the housing market and deterring investment.
Hilesh said: “The mansion tax proposal reflects a growing focus on wealth-based levies. While framed as a fairness measure, it risks creating uncertainty in the housing market and is likely to deter investment or distort the market further. A more coherent approach would involve comprehensive property tax reform, such as rethinking SDLT and council tax, rather than isolated levies.”
Read the full article on Business & Accountancy Daily: Mansion tax for £2m plus house threat
