This report makes recommendations for changes to Council Tax premiums for long term empty homes and second homes to incentivise occupation of property in the district and increase the housing stock.

The Executive is asked to apply the discretion given to Local Authorities by the Levelling Up and Regeneration Act 2023 to:

• Reduce the minimum period for the implementation of a 100% Council Tax premium for empty and unfurnished properties from 2 years to 1 year from April 2024 and
• Introduce a Council Tax premium of 100% in respect of second homes (properties that are empty and furnished) from April 2025.

Exceptions to the premiums are set by the Government and will be applied once confirmed.

Resolved –

That it be recommended to Council:

(1)      That Option 2 is the preferred option. That the Council introduce increased Council Tax Premium Charges as enabled by the Levelling Up and Regeneration Act 2023.This would:

·       Reduce the minimum period for the implementation of a 100% Council Tax premium for empty and unfurnished properties from 2 years to 1 year from April 2024 and

·       Introduce a Council Tax premium of 100% in respect of second homes (properties that are empty and furnished) from April 2025.

(2)      Following a consultation on proposed exemptions, the Government is yet to publish the final list of exceptions. That the Executive delegate the responsibility to implement the exceptions once finalised to the Strategic Director, Corporate Resources.

To be actioned by: Director of Finance / Strategic Director, Corporate Resources

Overview and Scrutiny Area: Corporate

(Caroline Lee – 07811 088655)