Content

9.1

The purpose of this
report is to provide the Committee with details of the
Council’s powers to make changes to the Council Tax Long-Term
Empty Premium and to introduce a new Council Tax premium for second
homes.

 

 

9.2

RESOLVED
UNANIMOUSLY: That the Finance
Committee:-
 

1.    
notes the new powers which will enable the Council
to make changes to the Council Tax Long-Term Empty Premium from
2024/25, and the ability to introduce a new Council Tax Premium for
second homes from 2025/26; and
 

2.    
agrees to adopt these powers and introduce the
Council Tax Long-Term Empty Premium, for dwellings empty and
substantially unfurnished for more than 12 months, from 1 April
2024.

 

 

9.3

Reasons for Decision

 

 

9.3.1

Legislation provides
for making changes to the Long-Term-Empty Premium and for the
introduction of a second home premium.

 

 

9.3.2

The Council must
decide if it wants to make changes to the Long-Term-Empty Premium.
If the Council decides it wants to make changes to the
Long-Term-Empty Premium, it must decide if it wants to do so from
2024/25 or from 2025/26.

 

 

9.3.3

The Council must also
decide if it wants to introduce a second home premium. If the
Council decides to introduce a second homes premium, that is agrees
to apply a premium of 100% to dwellings that meet the definition of
being a second home and that it will do so from 2025/26.

 

 

9.4

Alternatives Considered and Rejected

 

 

9.4.1

The alternative options the
Council has is to not adopt these new powers and keep the
Long-Term-Empty Premium the same and to not adopt the second home
premium.