A new annual wealth tax by another name
From April 2028, England introduces a High Value Council Tax Surcharge on homes worth £2m+. It’s effectively a new annual tax on owning expensive property.
If you’re a business owner with:
- A high-value main home,
- A London flat, or
- A portfolio including prime residential,
this needs to go into your long-term numbers.
What it means in practice
Details will follow, but you can expect:
- Higher annual running costs on £2m+ homes
- Potential questions over valuation
- More pressure on landlords in the prime rental market
Action steps
- Identify which properties might cross £2m by 2028
Factor in realistic growth, some sub-£2m properties may tip over. - Build the surcharge into your cashflow planning
Don’t be caught out by a big new bill you didn’t forecast. - Review the role of each prime property
Is it still pulling its weight, in lifestyle, returns and tax terms? - Coordinate with IHT planning
High-value properties often drive IHT exposure as well. Look at your property and IHT strategy together, not in isolation.
How can we help at MDH
Book a quick tax chat with me, no strings attached. We’ll have a look at your situation and spot opportunities you might be missing. And as a thank-you, I’ll send you a free copy of our book 75 Ways to Pay Less Tax, packed with simple, practical tips you can put to work straight away. Let’s make sure your money’s working smarter, not harder.
