London council levies tax premium on second homes

London council levies tax premium on second homes


Todays other news
Agents must ensure both landlords and properties are listed on...
However, the Build To Rent sector is struggling - and...
Two tech platforms have come together to offer a new...
London council levies tax premium on second homes

A London local authority is introducing a council tax premium for people who own second homes in the borough.

Brent Council claims the charge is designed to encourage property owners to bring under-utilised homes back into full-time use. It will match the 100% premium charge introduced by the same Labour-controlled council in 2024 for homes that have been left empty for more than a year. This is the maximum increase permitted under existing legislation.

Advertisement

You will be required to pay the premium if your second home is a holiday home, or used for what the council calls “personal convenience”, or is a second home between tenancies. 

Advertisement

“Britain’s broken housing system means that we are struggling to keep pace with the numbers of homeless families approaching us for help. That’s despite Brent leading the way in building new homes, completing the most affordable homes of any London council over the past two years, and the second highest number of new-builds overall in the past decade” says a spokesperson.

Advertisement

“We know that demand still outstrips supply and additional measures are necessary to complement our building efforts. Second homes that are occasionally occupied can exacerbate housing shortages by effectively removing properties from the local housing market during periods of vacancy, making it more difficult for residents to find permanent accommodation.

“Discouraging the prolonged vacancy of second homes is essential to alleviating the housing crisis and freeing up more properties for local residents in need.”

Advertisement

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. Letting Agent 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.
1 Comment
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Recommended for you
Related Articles
Key with house-shaped keyring symbolising property rental and management.
Another small independent agency is purchased by Dwelly...
Red pushpin marking a location on a map for property listing.
This is according to the Hamptons agency, part of Connells...
Key with house-shaped keychain hanging on door lock for property access.
The agency is supplying a new service to those who...
View of Big Ben, Houses of Parliament, and Westminster Bridge over the Thames.
The Act is forcing landlords to seek professional help, says...
This is apparent in the prime lettings segment, it's claimed...
The controversy involves the tenant union Acorn...
Well known business billionaire enters private rental sector as investor...
Recommended for you
Latest Features
Agents must ensure both landlords and properties are listed on...
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.