HOMEOWNER GUIDE TO THE AUTUMN BUDGET Harry Mishon’s NOV | 2025 FOREWORD FROM Harry Mishon As the Autumn Budget on 26 November 2025 approaches, reports suggest Chancellor Rachel Reeves is weighing several major property tax reforms to raise revenue. Proposals in circulation include a possible “mansion tax” on higher value homes, capital gains tax on main residences above a certain threshold, and a potential overhaul of stamp duty. Once the Budget has been delivered, I’ll have my finger firmly on the pulse, analysing the key takeaways, giving my views on what it all means, and sharing practical guidance on how to navigate the new landscape. Whether you’re planning to sell, buy or simply understand the direction of the market, I’ll make sure you’re one step ahead. Budgets come and go every year, and while the reality is often less dramatic than the speculation, the spotlight on property this time around is particularly sharp and it’s one worth watching closely. NOV | 2025 HERE’S WHAT YOU NEED TO KNOW ABOUT NEXT MONTH’S BUDGET... NOV | 2025 Speculation suggests a new levy on homes valued above £500,000. A 1% charge on the value of any property above £2 million is being considered. For example, a home worth £3 million could face an annual levy of approximately £10,000. 01: ANNUAL PROPERTY LEVY ON HIGHER VALUE HOMES NOV | 2025 A reform could see CGT applied to the profit made when selling a main home, but only for properties above a certain threshold, possibly £1.5 million. This is reported to affect about 120,000 homeowners, with potential tax bills of nearly £200,000 for some. 02: CAPITAL GAINS TAX (CGT) ON MAIN HOMES Landlords currently pay income tax on profits but not on NI. The government is reportedly considering introducing an NI charge on rental income, a move that could potentially raise billions for the Treasury. 03: LANDLORD TAXES NOV | 2025 04: STAMP DUTY REPLACEMENT 05: NATIONAL INSURANCE (NI) ON RENTAL INCOME Some reports suggest a potential overhaul where Stamp Duty could be replaced with an annual property tax on homes valued over £500,000 when they are sold. A proposal to extend National Insurance contributions to income earned by landlords from buy-to-let properties. While the self- employed already pay NI on their profits, rental income is generally exempt. This change would apply NI rates to rental earnings. NOV | 2025 Once the Budget has been announced, we’ll be moving into the Christmas market, where activity naturally slows. For those considering a launch in early or spring 2026, now is the time to start planning - thinking about strategy, marketing and how to position your home in light of whatever changes the Budget brings. I’ll be closely monitoring the market in the weeks ahead and will be releasing a post-Budget guide with my thoughts, insights and practical advice to help you stay ahead of the curve. If you’re considering a move, I’m here to offer clear, strategic guidance and a transparent perspective on how to make the most of the months ahead. Get in touch if you’d like to discuss a bespoke marketing strategy for selling your home, or to explore how best to position yourself for buying in 2026. FINAL THOUGHTS ALL INFORMATION CONTAINED WITHIN THIS COMMUNICATION IS BASED ON SPECULATIVE DATA AVAILABLE PRIOR TO THE AUTUMN BUDGET ANNOUNCEMENT ON 26 NOVEMBER 2025. FINAL DETAILS WILL BE CONFIRMED ONCE THE CHANCELLOR DELIVERS THE BUDGET. WE HOLD NO POLITICAL STANCE AND PROVIDE THIS COMMENTARY SOLELY TO HELP CLIENTS NAVIGATE THE MARKET WITH CLARITY AND CONFIDENCE. NOV | 2025 07495695120 94 Church Rd, Brighton and Hove, Hove BN3 2EB PHONE: ADDRESS: harry@mishons.com @harrymishon EMAIL: INSTAGRAM: CONTACT Harry Mishon NOV | 2025