Councils across England will have powers to charge even
greater council tax premiums on homes left empty for many years following an
amendment to a Government Bill. The amendment was made during the Third Reading
of the Rating (Property in Common Occupation) and Council Tax (Empty Dwellings)
Bill in the House of Lords. Under the amendment, decisions on whether to charge
a premium, and the exact rates to be charged will remain a matter for councils,
taking local circumstances into account. It is anticipated that councils will
be able to charge 100% premiums from April 2019, 200% premiums from April 2020
and 300% premiums from 2021. Read more on 24housing.
Eight in 10 homes in London’s poshest postcodes now sell below asking
price, Coutts finds
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Sellers in areas such as Belgravia and Mayfair face hundreds of thousands
of pounds in losses as property prices fall
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