Changes in Council Tax Exemption
Landlords have been entitled to 100% council tax relief on vacant unfurnished property for up to six months. A new regulation, which came into effect 1st April 2013 limits this to 10% discount for up to 6 months and 5% for a further 18 months. In addition there will be a charge of 150% for properties that have been vacant for two years or more. Full details are available at the following link to Bristol City Council website.
This does rather beg the question of why a property should remain vacant for such long periods! At Lets Rent from the moment we have been given notice by the tenant or the landlord your property will be marketed nationwide on 16 major property portals. Typically we aim for all properties to be let within 4 weeks, with many being let within a few days.
For further information regarding this please feel free to contact us now