Bought a house for less than £2million but then done it up? Labour plot to revalue homes to see if they can be hit with controversial mansion tax

The Labour party is planning to revalue homes that were bought for less than £2million but have been renovated, to determine if they can be subject to a mansion tax. This plan aims to target homeowners who have increased the value of their properties through renovations. The move is part of a broader effort to implement a controversial mansion tax.