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Cabinet noted the dispensation
granted by the Standards Committee at their meeting on
16th July in relation to this item.
 
Councillors Moriarty, Lintern
and Ring declared an interest in this item.  Councillors Moriarty and Lintern left the room
during consideration of this item. 
Councillor Ring remained in the room, however he did not
participate in the debate or vote on the matter.
 
RECOMMENDED:
 
1. The following discounts and premiums are
recommended to Council for 2026/2027:
 
Class A Second Homes Discount for
2026/2027:
·       
No reduction, i.e. a 0% discount:
 
Class B Second Homes Discount for
2026/2027:
·       
No reduction, i.e. a 0% discount, plus
·       
An additional premium of 100%, which will only be applied subject
to agreement being reached with Norfolk County Council by no later
than 30 November 2025 to return a share of their additional revenue
raised from the Second Home Premium of no less than the percentage
allocation for 2025/2026
 
Class C Empty/ Unfurnished Discount
2026/2027:
·       
0% for both the initial and follow on periods
 
Long-Term Empty Property Premiums (Levy) for
2026/2027:
·       
100% for properties empty between one and five years,
·       
200% for properties empty longer than five years, and
·       
300% for properties empty longer than ten years.
 
Class D Uninhabitable Properties for
2026/2027:
·       
25% for 12 months starting on the day the property becomes
uninhabitable; then:
·       
0% once the 12 month period has expired.
 
2. Cabinet and Council note and consider the
government guidance of November 2024 as included at Appendix D
 
REASON FOR
DECISION:
 
To ensure the discounts, premiums and
exceptions policy for Second Homes and Long-Term Empty properties
are agreed for 2026/2027.