Fears that Mansion Tax could affect wider proportion of taxpayers

BKL tax partner David Whiscombe comments on fears that Labour’s ‘Mansion Tax’ will one day affect a wider proportion of the population.


‘Stop calling it Mansion Tax. Call it what it is: a selective wealth tax. And the concern is not so much extension to other taxpayers as the extension to other forms of wealth.

Historically the UK has eschewed imposing a wealth tax, for very good reasons.  My concern is ‘mission creep’ from selective wealth tax to general wealth tax without the full and proper debate that it warrants.

If Ed Balls taxes ownership of a £2m house this year, how long before he casts envious eyes on a £2m share portfolio or buy-to-let properties? Or pension fund?’


The full article is available via the UK200Group website.



Sam Inkersole

In 2022, Sam won the Taxation’s Rising Star award at the Taxation Awards in and was named in the Accountancy Age 35 Under 35.

Jon Wedge

While Jon’s client work focuses on the financial services sector, he also oversees the firm’s assurance service, as well as supporting the trainees following in his footsteps.


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