Sunday, November 28, 2010
Long overdue action taken
Owners of second homes could be stripped of their council tax discount under Liberal Democrat plans to raise millions of pounds for town halls. There are currently 246,000 second homes registered for a discount in England, of which more than 40 per cent are larger properties in Band D or higher. Around 50 councils allow second-home owners to pay just half the tax of locals, though since 2004 some 85 councils have reduced their discounts from 50 per cent to the minimum 10 per cent.