Peers debate doubling of empty homes tax to force more into sales and rental markets

first_imgMany thousands of additional homes may be added to the sales and lettings market next year if new legislation being debated today in parliament becomes law.Peers are to complete the committee stage of the Rating (Property in Common Occupation) and Council Tax (Empty Dwellings) Bill this afternoon to consider allowing councils to double the premium they charge on their local council tax rate if a property is ‘long term empty’ or for more than two years.This would increase from 50% to 100% for homes not occupied for more than two years, peers have been debating during the bill’s first two readings in the Lords. It’s a measure that is part of attempts to help councils reduced the number of empty homes in the UK.“This means that local authorities will have the discretion to double the council tax bills of properties that have been empty for two years or more,” said Welsh peer Nicholas Bourne (left)He revealed during his speech that the existing measure of a 50% premium had already dramatically reduced the  number of homes that are long-term empty since it was introduced in 2010.The number of properties that are long-term empty has reduced by a third since then from 300,000 to 205,000 and that 90% of councils had introduced the 50% premium levy.“This is welcome, but we can do more. That is why, through the Bill, we are allowing local authorities to strengthen the incentive to bring empty homes back into use,” Lord Bourne said.During the same debate Liberal Democrat peer Baroness Pinnock (right) said two years was too short, and that in her area two thirds of empty properties had stood unused for less than two years, and therefore the threshold should be reduced.Like the existing regulation that introduced the 50% premium, there are several exemptions from the levy including for those in the Armed Forces away on tour, properties that are taking a long time to find a buyer or tenant and those of people have been taken into care.lord albourne baroness pinnock empty homes June 19, 2018Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Home » News » Housing Market » Peers debate doubling of empty homes tax to force more into sales and rental markets previous nextHousing MarketPeers debate doubling of empty homes tax to force more into sales and rental marketsCouncil Tax premium to be doubled from 50% to 100% after original measure helped release 95,000 empty homes back into use.Nigel Lewis19th June 20180820 Viewslast_img

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