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
- Not sure I'd want to pay a mansion tax on it.
- They believe that scrapping or reducing the rate could increase tax revenue, meaning there would be no need for the money a "mansion tax" would raise.
- What happens if local councils wanted to impose, say, a mansion tax on the most expensive properties in their area?
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