Labour Plans £560m A Year Levy On Holiday Homes

Labour has announced new plans to introduce a levy on second properties used as holiday homes, in a bid to tackle homelessness. Under the plans, the holiday homes would face an average annual bill of around £3,200, meaning the estimated 174,000 properties used for this purpose in England could generate up to £560m a year. The new levy would be based on a property’s council tax band and represent a doubling of its council tax bill. Labour stressed that the new levy would only be applicable to second homes primarily used as holiday houses, and would not include homes that are rented or used for employment, or static caravans. Read more on the propertyreporter website.

http://www.propertyreporter.co.uk/property/labour-plans-560m-a-year-levy-on-holiday-homes.html