From April 2028, the UK government will introduce a High Value Council Tax Surcharge (HVCTS) on owners of residential properties in England valued at £2 million or more. A public consultation on surcharge details will take place in early 2026. The surcharge will be based on a separate valuation exercise conducted by the Valuation Office Agency in 2026, rather than existing Council Tax bands set in 1991. Properties identified as worth £2 million or more will be assigned to one of four HVCTS bands. The new charge is independent of Council Tax; existing bands will remain unchanged and will not affect HVCTS eligibility. Further information is available in the HVCTS fact sheet.
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https://www.gov.uk/government/news/high-value-council-tax-surcharge
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