Mansion Tax 'Would Hit 86,000 Properties in Capital'

A total of 86,000 London homeowners will be hit by the mansion tax, according to a new estimate of the number of properties worth at least £2 million. The analysis suggests the levy would be paid by just under 110,000 households across the UK — of which almost 80 per cent are in London.  The research, by Zoopla, shows £2 million homes are found in every London borough except Barking & Dagenham. They are most heavily concentrated in Kensington & Chelsea, where there are reported to be 22,454, and Westminster, hosting 18,596. But the surge in house prices in the first half of the year means an increasing number in the suburbs could affected by the proposed levy. Read more on the Evening Standard website.