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18

6

Type and location of homes subject to the

mansion tax

Of the ten regions considered in this report (the North East, the North West, Yorkshire & the Humber,

East Midlands, West Midlands, Wales, East of England, London, the South East, and the South West) the

ones that stand to be most impacted by the proposed mansion tax are London and the South East. In

2016, 83.6% of the taxed homes are in London, while a further 11.6% are in the South East. In 2020, the

figures are 86.6% and 10.1% respectively. As Figure 4 below shows, 95.2% of the homes that would be

subject to a mansion tax in 2016 are in London and the South East combined.

Figure 4: Proportion of all homes subject to the mansion tax in 2016, by region

Source: Land Registry, Cebr analysis

In order to evaluate the types of homes that will be most impacted by the proposed policy, Tables 9 and

10 below analyse the impacted properties by type of home. The four home types considered are

detached houses, flats, semi-detached houses, and terrace houses.

Table 9: Number of homes in London subject to the 2016 mansion tax, by type of home

Detached house

Flat

Semi-detached

house

Terrace house

2016

17,014

12,616

14,173

36,959

% of total

21%

16%

18%

46%

Source: Land Registry, Cebr analysis

North East

North West

Yorkshire & The Humber

East Midlands

West Midlands

Wales

East

London

South East

South West

© Centre for Economics and Business Research