• JRs_Cigarettepanorama_fish_eye
    9 months ago

    Depends what level the LVT would be set at. The new council tax will be c5% of the flat's market value.

  • Jakepanorama_fish_eye
    9 months ago

    At the risk of making myself unpopular, I suggest you put yourself down as living in your current place, your wife down as living in Kings Lynn, and claim single person discount on both.

  • Loaferpanorama_fish_eye
    9 months ago

    That's the spirit

  • Seanpanorama_fish_eye
    9 months ago

    Does premeditated and cynical defrauding of local council authorities carry a mandatory custodial tariff these days?

    And there's a thought. Have we ever had an active Talkbacker in chokey before?

  • JRs_Cigarettepanorama_fish_eye
    9 months ago

    I'm not looking to avoid paying it, just think it'd be better if they were honest about their reasons.

  • JimShadypanorama_fish_eye
    9 months ago

    I'd be tempted to sell it, invest the money, and have Mrs JR stay in a hotel whenever she needs to go visit. Probably work out cheaper?

  • trickylens
    9 months ago

    Good idea. What's a better investment than a flat in Kings Lynn with the repeating dividend of saved hotel costs?

  • noodlehelp_outline
    9 months ago

    If your maths is right, that sounds like lot. I know nothing at all about the market for flats in Kings Lynn, but generally 5% is nearing a respectable rental yield (aka it’s what you’d get renting the place out) but maybe that’s the point. They really don’t want empty properties.

    LVT wouldn’t be that high.

  • JRs_Cigarettepanorama_fish_eye
    9 months ago

    It's a small one bed flat, band A, lowest council tax, currently 1800 council tax will double to 3600. Would say flat is worth about £80k. Might be bit more but even at 100k that's 3.6%.

    In what I think is a good example of why the entire system is fucked, my Band F (not that big) house in London costs 1700 per year in council tax. Probably wotth c900k max. So about 0.2%!

  • JRs_Cigarettepanorama_fish_eye
    9 months ago

    It would. But my wife is attached to it and points out I spend a load on going to sporting events that she has no interest in, the flat is her thing to spend on.

  • JimShadypanorama_fish_eye
    9 months ago

    Haha. Good luck with that!

  • Psychobelpanorama_fish_eye
    9 months ago

    Also risking unpopularity, are you not sticking it on AirBnB?

  • JRs_Cigarettepanorama_fish_eye
    9 months ago

    Have thought about it but it seems a lot of hassle, but this change might tip us over to giving it a try.

  • Sevenpanorama_fish_eye
    9 months ago

    I think EBP is probably the closest.

  • Psychobelpanorama_fish_eye
    9 months ago

    I quick peruse of AirBnB suggests you would get between £50 and £90 per night for mid week nights, more at weekends.

  • RCpanorama_fish_eye
    9 months ago

    Be raking it in on TB axis attendees alone.

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