Reform leader Nigel Farage has publicly condemned the introduction of new taxes affecting second home owners in England, following their implementation on April 1st. The new regulations enable councils across the country to impose a council tax premium of up to 100% on second homes, a move that has drawn significant criticism and concern from property owners.

According to reports, more than 200 local authorities have already begun charging this premium, mirroring similar measures taken in Scotland and Wales. Mr Farage is vocal in his opposition, supporting a campaign initiated by The Telegraph aimed at dismantling this financial imposition on second home owners. He remarked, “Owning property used to be a right and a freedom. Today it is an excuse for the Government to use extortion,” highlighting his belief that the taxes unfairly penalise individuals who own multiple properties.

Analysis by Sky News suggests that over two-thirds of councils in England have adopted these new taxation powers, potentially generating upwards of £445 million in additional revenue for local governments. The tax applies to properties deemed to be “occupied periodically” and “substantially furnished,” though the Government has outlined a series of exemptions to mitigate the impact on certain owners.

Feedback from second home owners indicates a sense of grievance regarding the recent tax increases. Many individuals have expressed that they do not identify as wealthy, arguing instead that they have invested in property or inherited homes from family. Numerous homeowners have communicated that they often feel more at home in their secondary properties, where they actively participate in local communities and contribute to the local economy.

The ongoing developments surrounding this new tax system underscore the contrasting interests between the Government’s revenue generation objectives and the perspectives of second home owners facing increased financial burdens.

Source: Noah Wire Services