UK Second-Home Owners May See Tax Double From 2025
- Tax authorization included in government’s ‘Levelling Up’ bill
- Revenue from tax could help government ease housing shortage
Cottage homes in Lulworth Cove, UK.
Photographer: Chris J. Ratcliffe/BloombergThis article is for subscribers only.
Follow us at @BloombergUK and on Facebook, and wrap up your day with The Readout newsletter.
The UK is planning to allow local councils to double property taxes for second-home owners to help finance the construction of more affordable housing in the country, The Telegraph newspaper reported.