| New mansion tax divides opinion |
Ross Wallace, Senior Solicitor at Wright, Johnston & Mackenzie LLP, explains in an article for The Scotsman the differences between England’s and Scotland’s upcoming "mansion taxes", both set for April 2028. In England, the High Value Council Tax Surcharge applies to homes valued at £2m and above, with charges from £2,500 to £7,500 annually, calculated via desktop valuations. Scotland’s version targets properties over £1m, adding two new Council Tax bands, with a £5m revaluation budget for the highest-value homes. While both taxes aim to address housing inequality, concerns exist about fairness, particularly for long-standing homeowners or high-value city properties that are not truly wealthy mansions. Scotland’s revaluation is praised for updating Council Tax bands, but uncertainties remain over final rates, administrative processes, and the tax’s broader impact on the housing market.