What is the collection standard of British property tax?

Like most countries, houses in Britain have to pay property tax. So what is the property tax standard for British houses? What is the difference? Let me tell you.

1, British property tax collection standard

The amount of British property tax is determined by the total property price and the number of families in the administrative area. In addition, the municipal property tax is not the same only according to the administrative region where the property is located.

Due to the differences between regions and housing values, it is difficult for us to give a specific municipal property tax figure here.

However, for most properties in Britain, the municipal property tax is about 1 1,000 pounds (1 1,000 RMB) to 3,000 pounds (30,000 RMB) per year.

2. London property tax.

It is worth noting that because the British government has set the municipal property tax in central London at a very low level, the owners of expensive properties living in this area pay lower municipal property fees than those living in properties with much cheaper total price around.

3. UK property tax relief

Municipal property tax can be reduced or exempted under many special circumstances. For example, if the house is rented, the owner does not have to pay the municipal property tax, which becomes the responsibility of the tenant;

If the house is not for rent, but it is not the owner's main residence, the owner can apply for property tax relief (overseas investors usually meet this requirement);

Houses where only students live are exempt from municipal property tax. Vacant houses or properties that meet special welfare conditions can apply for property tax relief, and so on.