2nd home council tax

artyboy

horsewithnoname said:

artyboy said:

theartfullodger said:

A true patriot pays their due taxes without trying to wriggle out ....

Best wishes to all

So no ISA or personal/occupational pension for you then?

They are government sanctioned accounts that are not anything like dodging tax

Got it. Potaaato, not potato.

subjecttocontract

Surely 2nd home council taxes are almost insignificant compared to potential CGT & increased SDLT. 

ReadySteadyPop

lincroft1710 said:

ReadySteadyPop said:

lincroft1710 said:

ReadySteadyPop said:

lincroft1710 said:

ReadySteadyPop said:

lincroft1710 said:

FlorayG said:

I don't think you have much of a case. While your situation is slightly different to those who have a 'holiday home', the council will say you could rent somewhere or have lodgings or stay in an AirBnB or hotel 3 nights a week while a local family could buy your property and live in it.

Agree. Is there any need to own a property where you will only stay for a maximum of 40% of the time?

Wealthy people do this all the time, with multiple properties, 40% of the time is quite a lot.

The OP doesn't appear to be that wealthy as they are considering selling up and leaving their job. Also I said a maximum of 40%, the usage is probably nearer 30%  which means the property is unused for considerably more time than it used. 

 To the people advocating double or more council tax to get more "locals" prioritised this would be win win, an extra house and an extra job for a local? The irony is that it was the "global village" experiment with it`s super low interest rates and super cheap goods from China that allowed loads of ordinary people to hoover up extra property in the first place! Previous generations of working people didn`t have that access to credit/equity, but the reversal could be brutal as councils now treat property as a revenue gathering tool?

What are you talking about? "Global Village Experiment?" "Loads of ordinary people to hoover up extra property?"


You can rail and rant on about the second home premium until the cows come home but it is what the government wants and will thus stay until Parliament decides otherwise.

Without super cheap mortgage debt a lot of people wouldn`t have second homes, now they are in a position of much more expensive mortgage debt, higher cost of living AND double (or more if some people get their way!) council tax!

Where's your evidence of "super cheap mortgage debt"?

2010 to 2021 is a good place to look.

ReadySteadyPop

subjecttocontract said:

Surely 2nd home council taxes are almost insignificant compared to potential CGT & increased SDLT. 

Not if you bought relatively recently, you are probably looking at making a loss I would think.

MobileSaver

ReadySteadyPop said:

Without super cheap mortgage debt a lot of people wouldn`t have second homes, now they are in a position of much more expensive mortgage debt, higher cost of living AND double (or more if some people get their way!) council tax!

Only 3% of UK households have a second home, most own their main home outright with no mortgage and most are in the top 20% of earners... higher mortgage rates and council tax may at a push mean some take one less weekend away in the Algarve but it's really not going to be 'brutal' in the way you'd like everyone to believe.

ReadySteadyPop said:

subjecttocontract said:

Surely 2nd home council taxes are almost insignificant compared to potential CGT & increased SDLT. 

Not if you bought relatively recently, you are probably looking at making a loss I would think.

You've been saying that for over ten years, possibly it's even twenty years now!

ReadySteadyPop

https://thenegotiator.co.uk/news/regulation-law-news/authoritys-aggressive-second-homes-taxes-cause-12-4-fall-in-house-prices/

Buying opportunity for locals?

FlorayG

No further comment from the OP, I guess he's understood the situation and gone off sighing...

Flugelhorn

theartfullodger said:

A true patriot pays their due taxes without trying to wriggle out ....

Best wishes to all

thanks - it is the moving goalposts where the holiday home has gone from 90% CT to 200% CT that really cause the problems - hey ho at least we make good use of ours spending 3/7 of every week there unlike some of my neighbours who seem to spend very little time here

MobileSaver

ReadySteadyPop said:

https://thenegotiator.co.uk/news/regulation-law-news/authoritys-aggressive-second-homes-taxes-cause-12-4-fall-in-house-prices/

Buying opportunity for locals?

Did you actually read the article or just the click-bait headline?

"it still leaves many people priced out"

"may incentivise landlords to start using their properties for short-term lets"

So as the article says, apparently not a buying opportunity for locals...

GDB2222

I do wonder whether the councils will be able to manage financially without second home owners? A typical second home uses scarcely any council resources. Certainly not the most expensive services, such as schools and social care.