Empty house premium council tax

Hasbeen

Err !  Who said YEARS? Have a look at my post,

 It is written in English?

I do buy dilapidated properties, And it takes me a few months to bring them up to standard.

The properties may have been empty for Months/Years and in most cases the council cannot get any money for tax.

Previous owners in prison, hospital, reprocessed, did a runner, not paying anything?

But OK to penalise the person who buys the rundown dilapidated property and then has to then pay?? To bring them up to standard?

People like me are the solution in getting properties back on the housing market?

What do you do? Just make unjustified assumptions? LOL

Hope this answers your comment  Poo.  

p00hsticks

From r

Hasbeen said:

Err !  Who said YEARS? Have a look at my post,

 It is written in English?

I do buy dilapidated properties, And it takes me a few months to bring them up to standard.

So for just a few months (let's say three or four ) exactly how much more would 300% council tax cost you ? And what percentage of the overall renovation cost is that ?  I can't imagine it's going to make a significant difference to your overall business budget (especially as presumably you can write it off against your eventual profit), unless you are buying properties that are in the really high bands - and I'm guessing that those don't tend to be the dilapidated ones (but happy to be corrected).

Hasbeen

p00hsticks said:

From r

Hasbeen said:

Err !  Who said YEARS? Have a look at my post,

 It is written in English?

I do buy dilapidated properties, And it takes me a few months to bring them up to standard.

So for just a few months (let's say three or four ) exactly how much more would 300% council tax cost you ? And what percentage of the overall renovation cost is that ?  I can't imagine it's going to make a significant difference to your overall business budget (especially as presumably you can write it off against your eventual profit), unless you are buying properties that are in the really high bands - and I'm guessing that those don't tend to be the dilapidated ones (but happy to be corrected).

Yes.  2 months usually at max. Properties are in band A/B. Usually spend £25000 max to update. They are really bad and no usual first time buyers etc will buy. They would be sick entering. 

Tax is as below:

B

£ 1353.32

 Divided by 10 as local council breaks it into 10 payments 
  For a couple of months is £135per month so £270 

 Times 3 times is £810 ? For a couple months.

If it takes longer then that increases

Slips36

Hasbeen said:

p00hsticks said:

From r

Hasbeen said:

Err !  Who said YEARS? Have a look at my post,

 It is written in English?

I do buy dilapidated properties, And it takes me a few months to bring them up to standard.

So for just a few months (let's say three or four ) exactly how much more would 300% council tax cost you ? And what percentage of the overall renovation cost is that ?  I can't imagine it's going to make a significant difference to your overall business budget (especially as presumably you can write it off against your eventual profit), unless you are buying properties that are in the really high bands - and I'm guessing that those don't tend to be the dilapidated ones (but happy to be corrected).

Yes.  2 months usually at max. Properties are in band A/B. Usually spend £25000 max to update. They are really bad and no usual first time buyers etc will buy. They would be sick entering. 

Tax is as below:

B

£ 1353.32

 Divided by 10 as local council breaks it into 10 payments 
  For a couple of months is £135per month so £270 

 Times 3 times is £810 ? For a couple months.

If it takes longer then that increases

It’s ridiculous, council getting greedier than before. Empty property had zero council tax not many years back.
Reading council tax is high comparing to rest of the country, roads are poorly maintained. I pay £185/ monthly for run down road.

lincroft1710

Slips36 said:

Hasbeen said:

p00hsticks said:

From r

Hasbeen said:

Err !  Who said YEARS? Have a look at my post,

 It is written in English?

I do buy dilapidated properties, And it takes me a few months to bring them up to standard.

So for just a few months (let's say three or four ) exactly how much more would 300% council tax cost you ? And what percentage of the overall renovation cost is that ?  I can't imagine it's going to make a significant difference to your overall business budget (especially as presumably you can write it off against your eventual profit), unless you are buying properties that are in the really high bands - and I'm guessing that those don't tend to be the dilapidated ones (but happy to be corrected).

Yes.  2 months usually at max. Properties are in band A/B. Usually spend £25000 max to update. They are really bad and no usual first time buyers etc will buy. They would be sick entering. 

Tax is as below:

B

£ 1353.32

 Divided by 10 as local council breaks it into 10 payments 
  For a couple of months is £135per month so £270 

 Times 3 times is £810 ? For a couple months.

If it takes longer then that increases

It’s ridiculous, council getting greedier than before. Empty property had zero council tax not many years back.
Reading council tax is high comparing to rest of the country, roads are poorly maintained. I pay £185/ monthly for run down road.

If councils did not receive money from empty dwellings, then that loss of revenue would have to be spread amongst occupied dwellings.

You say you pay £185 a month, but do not say whether over 10 or12 months or which CT band you are in. What is the annual amount for Band D in Reading for 2021/22?

Hasbeen

Totally agree with lincroft1710
If people have owned an empty property for a time and do not do anything with it? Perhaps to sell as is, renovate etc,

then enhanced tax should be paid after any council discretionary periods ends?

But I do think that if any one else then buys the property? 

Could be young couple renting and buying first house on ladder and then spending a month or so getting it right before moving in? On a shoestring budget with first mortgage etc?

Or any one else moving from a different area who spends a bit time decorating, doing up etc, in spare time to try and save some money?

Or someone that perhaps sees potential to buy the rundown disgusting wreck and makes it fit for purpose, to put back on the market so someone else can benefit as well?

The government  / councils realise there is a drastic housing shortage and they want these numerous empty properties occupied.

Then why hit these people who want to do that with an immediate 200% to 300% tax? 

Around here long term empty properties remain mostly empty because of the tax implications.

It appears it is more sensible to buy an already occupied property with minimal decoration etc requirements? Move in and pay whatever normal council tax is.