Possible Higher Taxes for Second Homes
Owners of second homes could face higher council tax charges
18th April 2006
New proposals could see Britain's 328,000 second home owners paying higher tax, in a bid to alleviate the shortage of affordable rural housing.
Owners of second homes have already seen a 50% council tax relief on empty properties ended, and while local authorities can currently charge up to 90% of standard council tax on second homes, the Commission for Rural Communities has propsed that second homes could be charged at a higher rate than first homes.
The proposals are now being considered by the Affordable Rural Housing Commission, and a decision is expected next month.
Read More: Money Guardian : Second home owners may face new tax
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More on Second Homes : Inquiry Urges Second Homes Protection for Countryside (News, 22/05/2006), Second Home Tax Break Scrapped (News, 07/12/2005), Rise in UK Second Homes Predicted (News, 25/08/2005), Criticism for Second Homes Tax Break (News, 25/08/2005), 230,000 Second Homes (News, 05/05/2005) |
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