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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.
Specialist Council Tax advisor (A.Inst.Pa) based in Gateshead, but working nationally for landlords and council tax payers.http://www.lgfa92.co.ukPosting as @CouncilTaxGuy on TwitterWhy not look at our blog at http://www.lgfa92.co.uk/blogAny 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
Learn Change and Adapt ?????
All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.
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...
Thanks for sharing this.Certainly relevant to HMO landlords along with increased gas prices. Both will need to be factored into 2018 rents.
Vanessa Warwick Landlord and Co-Founder of PropertyTribes.com **If you have got value from Property Tribes, find out how you can support it in remaining a free to use community resource**
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.
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!!
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).
The Govt passing the buck here ?????
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.
This Govt will pay for this sort of stroke in the next election
I hope so !