Andy Burnham is set to launch a financial raid on swathes of middle–class homeowners by dragging them into the punitive ‘mansion tax’ regime, The Mail on Sunday can reveal.
Plans to lower the threshold for the extra levy to include homes worth £1.5million would mean more than 150,000 families – particularly in the South of England – being hit with four–figure tax hikes.
It could prove a double whammy for homeowners in the region, as Mr Burnham is also considering replacing council tax with a system based on land values likely to leave people living in the South paying up to three
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