Council Tax Changes Costs Landlords
As of 1st April 2013, all UK local authorities will have the discretion to charge the full Council Tax due on any empty properties within their borough. This is bad news for landlords as this will include any empty private sector rental properties.
The changes are designed to increase local authority revenues and will affect properties that until now had been granted automatic exemption or discounts, including furnished and unfurnished properties in the private rented sector (PRS).
Properties that would previously have been exempt including those that are empty because of necessary building work also lose the automatic right to be let off Council Tax for up to a year.
Numerous local authorities have decided to charge the full amount of Council Tax from the outset. The important changes to Council Tax charges are detailed below:
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