Liverpool City Council are looking increase council tax income
BANKS, slum owners and people with second homes will be expected to stump up more than £2m to help plug Liverpool council’s tax black hole
Mortgage lenders our currently exempt from paying council tax but with the high amount of properties currently owned and empty by mortgage lenders, Liverpool City Councils looks to boost it’s income by targeting these owners.
People classed as having a second home will see a reduction in there discounts from between 5% and 10%.
Landlords of furnished houses or apartments in Liverpool that are unoccupied could now be liable for up to 75% of council tax and this sees a massive increase of 25% as they currently pay 50%. This will affect buy to let investors income and could deter landlord from furnishing properties in the near future.
The biggest haul will come from the owners of properties that are empty and uninhabitable.
The council expects to bring in £1.2m from reducing from six months to six weeks the amount of time the owners receive a 100% discount.
These are massive changes that could be impleted within the next few months.
