Definition of mansion tax in English:
A tax levied on expensive residential properties of a value in excess of a particular sum: the mayoral candidates were asked about their views on a possible mansion tax for rich homeowners
More example sentences
- But one thing that wasn't in the Budget was a full-blown mansion tax of the sort he has been calling for.
- One of the aims of a Mansion Tax is to collect a share of the untaxed wealth the rich currently enjoy.
- The upcoming UK budget (21 March) may see the controversial 50 per cent tax on top earners being replaced with a mansion tax on real estate worth more than £2 million (around $3.2 million).
Definition of mansion tax in:
- British & World English dictionary
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.
Most popular in the US
Most popular in the UK
Most popular in Canada
Most popular in Australia