From 1st April 2013 Council Tax exemption for vacant properties, including those undergoing renovation, will stop. Instead, each Council has set a discounted rate according to their individual budget requirements and feasibility studies. Many Councils have opted for a sliding scale for the discount on vacant and unfurnished properties with an initial discount for properties empty for up to six months and then a small discount for properties that remain vacant for a further 18 months
So if your rental property is not rented, you will need to pay Council Tax even if it’s unfurnished.
Council Tax Exemption for Colchester Landlords
- Dwellings that are empty dwellings and are undergoing major repair or structural alteration – Colchester Borough Council had previously been allowed a 100% discount for up to 12 months for these dwellings. This discount ended on 1 April 2013.
- Dwellings that are empty and unfurnied – Colchester Borough Council had previously been allowed a 100% for up to 6 months for these dwellings. This discount ended on 1 April 2013.
Further information regarding Council Tax charges for Colchester landlords follow link.
Landlords will now need to budget for paying council tax during void periods adding hundreds of pounds a month to their expenses.
If you have an empty property in and around the Colchester area, Property Book is here to help. We have many happy landlords on our books. Contact us for more information on the above changes and how we can help.