Fiscal claim
Wealth tax on net assets > €1m
Headline figure
Per-year impact
€700m
Revenue raise (new / increased tax)
Total over horizon
€700m
2025 onwards
Confidence
Stated in source
Labour-stated yield ~€700m/yr from a 1% net wealth tax on assets above €1m (excluding family home).
Attribution & links
- Origin
- Manifesto
- Owner
- The Labour Party
- Policy area
- Finance And Taxation
- Underwrites commitment
- Broaden the tax base with taxes on wealth not income
- First stated
- 2024-11-17
- Last reviewed
- 2026-05-23
Evidence & sources
Every euro figure above ultimately traces back to the source document below.
Source
- Labour Party GE2024 ManifestoLabour Party·Retrieved 2026-05-23high
See this claim in coalition context on the fiscal model.