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  • Tax

    Council Tax rise to increase again

    Looks like Council Tax is set to rise by a further 1% above the 4.99% from last year, so 5.99% is likely from April 18 - https://www.localgov.co.uk/Council-tax-i...avid/44419

    It's been stretching for many years now but how soon can it hit complete breaking point ? I imagine it'll be coupled with further reductions in the Class C discount and the furnished property discounts in order to further offset the monies. This is obviously also accompanied by the extra 50% that will be allowed on the long term empty property premium.

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    Specialist Council Tax paralegal advisor & consultant (A. NALP)
    http://www.lgfa92.co.uk
    Posting as @CouncilTaxGuy on Twitter
    Why not look at our blog at http://www.lgfa92.co.uk/blog

    Any posts are my own opinion on legislation and may vary from your local authorities !

    The Govt are very good at passing the buck

    and that's what they are doing now

    The only crumb of comfort I have is I have a Local Auth pension

    so I pay it in one hand and get it back on the 16th of every month


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    Learn Change and Adapt ?????

    Spot on, they certainly are.

    My LA pension will be quite a few years in to the future - probably find the money is gone by then...


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    Specialist Council Tax paralegal advisor & consultant (A. NALP)
    http://www.lgfa92.co.uk
    Posting as @CouncilTaxGuy on Twitter
    Why not look at our blog at http://www.lgfa92.co.uk/blog

    Any posts are my own opinion on legislation and may vary from your local authorities !

    Thanks for sharing this.

    Certainly relevant to HMO landlords along with increased gas prices.  Both will need to be factored into 2018 rents.

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    With a 6% increase the ct on my own home will rise to £3764.89.  As a 40% tax payer that means I have to earn roughly £6275 just to pay my council tax.  I can't even work out the number given s24 and that I am taxed on imaginary income though.  What I do know is that is a hell of a lot of money.

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    Can you imagine what will happen when Labour get in as they will win the next GE in coalition with the SNP.

    Your C TAX will double as Labour have stated  they will be carrying out a revaluation exercise.

    God knows what it will be for HMO LL.

    CT is becoming a real impediment  for the PRS.

    I wonder whether HMO CT will be charged for the property  they deem to be HMO because there are more than two households.

    Wonder  what the CT will be for empty properties that are being repaired or waiting for new tenants to be sourced?

    A void could destroy  yield for a year!!

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    Almost all local authorities in England are set to raise council tax and charges amid concerns over their financial stability, a survey suggests.

    Council tax is set to be increased by 95 per cent of councils, while 93 per cent will hike charges, according to the 2018 State of Local Government Finance research.

    The planned increases come as 80 per cent of councils fear for their financial strength.

    The greatest immediate pressure on budgets came in children's services (nearly 32 per cent of councils), followed by adult social care (nearly 28 per cent), and housing and homelessness (19 per cent).

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    The Govt passing the buck here ?????


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    Learn Change and Adapt ?????

    Yep. It's a great tactic. Give the local authority the power to increase CTax whilst slashing their budgets, make it clear that the 'decision' to increase is the council's and then point fingers back to them when CTax goes up.

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    Specialist Council Tax paralegal advisor & consultant (A. NALP)
    http://www.lgfa92.co.uk
    Posting as @CouncilTaxGuy on Twitter
    Why not look at our blog at http://www.lgfa92.co.uk/blog

    Any posts are my own opinion on legislation and may vary from your local authorities !

    This Govt will pay for this sort of stroke in the next election

    ????

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    Learn Change and Adapt ?????

    I hope so !

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    Specialist Council Tax paralegal advisor & consultant (A. NALP)
    http://www.lgfa92.co.uk
    Posting as @CouncilTaxGuy on Twitter
    Why not look at our blog at http://www.lgfa92.co.uk/blog

    Any posts are my own opinion on legislation and may vary from your local authorities !