Dame Tessa Jowell – 2014 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Dame Tessa Jowell on 2014-06-09.

To ask Mr Chancellor of the Exchequer, what estimate he has made of the total number of properties (a) in the UK and (b) in the Greater London region affected by a levy on a property’s value of above a (i) £2 million and (ii) £5 million threshold.

Mr David Gauke

I refer the Right Honourable Member to my answers of 12 May (column 332W) and 13 May (column 529W). The number of residential properties in the UK valued at more than £2 million was estimated before Budget 2012 to be around 55,000.

The Treasury does not have a precise regional breakdown of properties worth over £2million.