Piggybank News

January 21, 2013

Changes to Council Tax Discounts and Exemption

Recent legislation has given local authorities the power to determine classes of Council Tax discount.  This means that different local authorities will be adopting different strategies; the only common thread is that they have to reduce the cost of such subsidies by a minimum of 10%.   Some of the changes will  undoubtedly affect landlords/investors.

In Milton Keynes the Council has adopted the following changes which come into force on 1/4/2013.

Empty Properties
Class C exemption is where a property has been empty (unoccupied and unfurnished) and it currently attracts a 100% exemption for a maximum period of six months. From 01 April 2013 the exemption will be removed and will be replaced with a 100% discount for a maximum period of 1 month, then a nil discount (100% charge) for remaining period.

Uninhabitable Properties
Class A exemption is where a property requires or is undergoing major repair works to render it habitable, or is undergoing structural alterations and it currently attracts a 100% exemption for a maximum period of 12 months. From 01 April 2013 the exemption will be removed and will be replaced with a 50% discount for a maximum period of 12 months.

Read more here >> http://tinyurl.com/bclylju.

 

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