Mansion Tax would only raise £1 billion in revenue (The Times)

“A mansion tax set at 1 per cent of the value of homes over £2 million would raise only £1 billion a year for the Exchequer, according to a report by the Centre for Policy Studies and Savills.

The tax would be expensive to collect and would penalise property owners who contribute a disproportionate amount of UK tax, the report said.” The Times (£)