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Council Tax old price or new price
GMASKELL
Posts: 1 Newbie
in Cutting tax
Hi, i have been looking at the council tax re-banding guide.
The problem is, my house was built privately in 1996.
It was for sale for £57,000, they did not sell very well.
The council brought all the houses on the plot and i moved in as a council tennant.
1 year later i brought the house and obtained it for £35,400 with all the discounts i was entitled to. Nice deal.
I am in band 'B' at the moment, so from the 1991 tax bands do i go by the original price of £57,000 or £35,400 as this was before my house was built?
Today it is valued at £120,000 approx.
Any help would be appreciated if anyone can understand this.
Cheers
Gaz.
The problem is, my house was built privately in 1996.
It was for sale for £57,000, they did not sell very well.
The council brought all the houses on the plot and i moved in as a council tennant.
1 year later i brought the house and obtained it for £35,400 with all the discounts i was entitled to. Nice deal.
I am in band 'B' at the moment, so from the 1991 tax bands do i go by the original price of £57,000 or £35,400 as this was before my house was built?
Today it is valued at £120,000 approx.
Any help would be appreciated if anyone can understand this.
Cheers
Gaz.
0
Comments
-
The council tax banding is determined by the value of the house in 1991.
Your house was built in 1996. It will be banded according to the value the house would have had if it been in existence in 1991.If it’s not important to you, don’t consume it0
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