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22

7

Mansion tax impact at parliamentary

constituency level

Considering the impact of the proposed mansion tax at a parliamentary constituency level reveals that in

2016 18.7% of taxable family homes are in the Kensington parliamentary constituency, with a further

15.4% in Chelsea and Fulham and 10.7% in the Cities of London and Westminster.

Table 13 below considers how the London properties that would be subject to a mansion tax payment in

2016 are disbursed based on party affiliation of the constituency’s Member of Parliament (MP).

Table 13: London properties subject to the 2016 mansion tax, by MP party

Party

No. of

homes

Percent

Conservative

54,615

67.76

Labour

22,365

27.75

Labour Co-op

159

0.2

Liberal Democrat

3,465

4.3

Total

80,604

5

100

Source: Land Registry, The Commons Information Office, Cebr analysis

68 per cent of the London properties subject to a 2016 mansion tax are in parliamentary constituencies

with a Conservative MP, while 28% are in areas represented by Labour. The properties in areas where

the current MP is a Liberal Democrat account for 4% of all homes subject to the 2016 mansion tax and

the remaining less than quarter of a percent are in Labour Co-operative constituencies.

An analysis of just those London homes that become subject to a mansion tax post-2016 reveals that the

proportion of properties in Conservative constituencies is lower than when the 2016 mansion tax is

considered. Some 58 per cent of homes newly subject to the proposed mansion tax after 2016 are in

Conservative constituencies, while the proportion of affected homes in Labour, Labour Co-operative, and

Liberal Democrat constituencies all increase to 33%, 1%, and 9% respectively.

Table 14: London properties newly subject to mansion tax after 2016, by MP party

Source: Land Registry, The Commons Information Office, Cebr analysis

5 The total varies slightly from the 80,763 London homes affected as certain observations did not contain information regarding Parliamentary Constituency

Party

No. of

homes

Percent

Conservative

2,726

57.63

Labour

1,574

33.27

Labour Co-op

20

0.43

Liberal Democrat

410

8.67

Total

4,730

100

© Centre for Economics and Business Research