Housing: Surcharges
The question
To ask the Chancellor of the Exchequer, how she plans to assess and administer the new high-value property charge; what steps she is taking to prevent avoidance and undervaluation; and whether there will be transitional relief for homeowners whose property value has recently increased due to market fluctuations.
Answered by Dan Tomlinson
The Valuation Office Agency will be conducting a targeted valuation to identify properties in scope of the High Value Council Tax Surcharge (HVCTS). HVCTS will then be collected by local authorities.
The Government will consult on the detailed implementation of the HVCTS in the new year, including the provision of support for those who may find it more difficult to pay. Further information on HVCTS is available at the following link:
High Value Council Tax Surcharge - GOV.UK
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