Who pays latest property tax – landlords or tenants?
Summary
The article reports on Propertymark’s response to the government consultation on the proposed High Value Council Tax Surcharge (HVCTS), often described as a mansion tax. Propertymark says key issues remain unresolved, particularly around valuation methodology, liability for rented homes, enforcement and local authority resourcing, ahead of a planned April 2028 introduction for properties in England valued at £2 million or more.
Why it matters
Residential surveyors may be called on to provide valuations for affected high-value homes, but the article highlights concerns about capacity, methodology and the reliability of desktop estimates. The proposal could also affect landlord-tenant arrangements and create additional compliance and advisory work for property professionals.
Key points
- HVCTS would apply to residential properties in England valued at £2m or more from April 2028.
- Propertymark says valuation cannot rely solely on online estimates or standard market appraisals for many affected homes.
- There are concerns about whether enough qualified valuers and council resources will be available.
- Unresolved questions remain over who pays the surcharge when a property is rented.
- Propertymark supports some exemptions and deferrals but rejects an extra surcharge for non-UK resident owners.
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