Tax homes worth over £2m
Labour wants to add an annual levy to the most valuable homes, its mansion tax, rather than changing the transaction tax.
How much will it bring in?
Do other options exist?
100,000 – Labour wants to target somewhere below 0.5 per cent of Britain’s 26.4m homes with the tax, and expects it to hit 100,000 properties.
£1.2bn – Ed Miliband hopes to raise £1.2bn per year from the tax, with most of that revenue coming from homes worth more than £3m
Miliband’s mansion – Ed Miliband would be the only party leader to pay his mansion tax, thanks to his London property benefitting from the price boom