Councillors in the City of Westminster, one of the capital’s most expensive boroughs, have begun polling residents on an optional “super-wealthy” levy for all properties valued above £10 million.
It is feared that the so-called mansion tax proposal, if adopted, could spark pressure for much higher local taxes for the wealthiest across the country.
The City of Westminster, which includes St. James's Palace, Buckingham Palace, the Houses of Parliament, and 10 Downing Street charges the lowest rates of council tax anywhere.
But councillors on the Conservative-controlled Westminster City Council are trying to persuade the borough’s mansion owners to double the £1,376 a year bill they currently pay.
Nickie Aiken, Westminster City Council leader, was quoted in reports as saying: “Westminster is home to some of the poorest and richest people in the country and some of the most expensive real estate in the world.”
This scheme, Councillor Aiken added, is aimed at the "very wealthy people who want to help the borough more".
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