Estate agent: New mansion tax 'is a stealth wealth grab'

A leading West Oxfordshire estate agent says a new ‘mansion tax’ announced in today’s Budget could turn into an 'administrative nightmare.' Brendan Kay, Managing Director of Parkers Properties, said: 'The proposed mansion tax will hit local people who aren’t multi-millionaires, but instead are often long-term owners whose home value has crept up over the decades, often thanks to inflation and local demand or work they have done on their properties.'