Labour's £1.2bn mansion tax to hit 100,000 homeowners

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More than 100,000 owners of valuable homes would have to pay an average of almost £1,000 a month under Labour's mansion tax plans.

A report in the FT said while Labour was still working on the fine detail on the plan, the levy would need to raise an average of £11,000 per home to hit the party’s £1.2bn a year target. The tax will...

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