Nearly one in five prospective home movers has put their plans on hold amid uncertainty over possible property tax changes in next week’s Budget, according to new research from Rightmove.
A survey of more than 10,000 people found widespread anxiety about potential changes to stamp duty, council tax and a possible new “mansion tax” on homes worth over £2 million — all measures Chancellor Rachel Reeves is reportedly considering.
Rightmove said 61% of respondents were aware of rumours about upcoming tax changes, and nearly 80% of that group feared the impact that new levies could have on the housing market. Concern was particularly high among over-55s, with 81% expressing worries, reflecting their greater likelihood of purchasing higher-value homes that could be targeted by reforms.
Regionally, homeowners and buyers in the South East and South West were the most anxious about potential new property taxes.
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