Aussie rich-lister John Symond faces massive property tax bill

Retired mortgage broker John Symond headlines the Australians caught with unsold London property, as luxury home owners anxiously await another round of tax hikes. New British Prime Minister Andy Burnham has previously backed the Fairer Share Proportional Property Tax campaign to replace council tax and stamp duty with a new tax charged at 0.48 per cent of the value of the property, along with a higher rate of 0.96 per cent for second homes or foreign owned homes. MORE: Jackie O’s cunning $30m exit plan amid Kyle split Aussie John Symond has yet to sell his London abode Hans Place, in Knightsbridge, London. Picture: Supplied The home is listed for £40m ($76m), It’s in one of the most exclusive parts of London. Symond’s Knightsbridge retreat is listed at £40m ($76m) after its initial listing at £50m in early 2024. The Hans Place property, listed with Becky Fatemi of Sotheby’s International, was purchased in 2017 after which Symond combined the space into a sprawling six-bedroom abode spanning 1054sq m. Designed by developer Finchatton and finished by superyacht design studio RWD, it features include a 22-seat home theatre, wine cellar, two commercial-grade kitchens, full-size gym an...