This petition was submitted during the 2010-2015 parliament
Petition Mansion tax £2m threshold is discriminatory
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To consider a mansion tax threshold on homes valued at £2m is particularly unfair on those who have homes in the £2-2.5m bracket.
The Government has only just introduced an increase in stamp duty to 7% for homes valued at more than £2m. This has already affected the values of homes marginally over 2m.
By adding another tax with the same threshold will mean those who have homes currently valued in £2-2.5m bracket will find it extremely difficult to sell without discounting to below £2m.
Not only will this create large capital losses for an albeit small number of people affected it will also severely distort the property market in general.
I do not agree with any form of mansion tax but at least consider making the threshold less discriminatory to this band of homeowners.
This petition is closed This petition ran for 12 months
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