Second Homes tax hike agreed by all political parties

Second Homes tax hike agreed by all political parties


Todays other news
Fiscal advice is what landlords most want from brokers, a...
The Scottish additional homes tax is the highest level anywhere...
The average cost of damage done by a tenant is...
The latest lender to try to woo landlords is Accord,...
Shamplina has won this accolade three times in the past...


Plans to impose a premium on council tax for for second homeowners have been approved by Cornwall Council with all-party agreement.

The move could be worth up to an additional £25m in revenue for the authority each year.

The new premium will be introduced in April 2024 but that is dependent on the relevant legislation being formally approved by Parliament before the end of March this year.

Councillor David Harris, deputy leader of Cornwall Council and portfolio holder for resources, says: “I am sure that some people will be trying to find ways to dodge this extra charge and I can assure you that I will be working with officers to look at every possible dodge and and how we block these.”

And councillor Linda Taylor, leader of Cornwall Council, adds: “One of our key priorities as an administration has been to address the housing issues we face in Cornwall, and today’s decision will help us to do just that.

“By increasing the premium on second homes, we will be not only increasing revenue, but also making people think about what they do with these properties, many of which are empty for much of the year.

“It is a good start to the New Year for Cornwall.”

Share this article ...

Join the conversation: Login and have your say

Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions. All comments are screened using specialist software and may be reviewed by our editorial team before publication. Landlord Today reserves the right to edit, withhold or delete comments that violate our guidelines, including those that harass, degrade, or intimidate others. Users who post such content may be banned from commenting.
By commenting, you agree to our Commenting Terms of Use.
Recommended for you
Related Articles
Fiscal advice is what landlords most want from brokers, a...
The Scottish additional homes tax is the highest level anywhere...
The warning comes as Renters Rights Bill sets up a...
Charities claim increase in pets needing rehoming because of rental...
Council will pay part of tenants’ rent to private landlords...
A mortgage chief is warning that thousands of buy to...
The government says it will shortly start a formal consultation...
Recommended for you
Latest Features
Changes in the Budget could significantly charge financial planning for...
Next year should see stability and opportunity in the private...
Sponsored Content

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.

No one likes pop-ups ...
But while you're here