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‘£20K Holiday Let Bill: My Penalty For Second Home Rentals’
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A woman overseeing vacation rentals in a coastal town says she might go bankrupt because the apartments have been classified as “secondary residences.” Judith Robbins operates eight self-catering units in a single building in Blackpool, renting them out to anggaran-conscious families. However, in October, the woman, who is 75 years old, learned that six…
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Tax On Second Homes Generates £12.5M For Council
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Councillors were informed that over the past year, a council tax surcharge collected from those who own secondary homes amounted to approximately £12.5 million for the Pembrokeshire council. The number was disclosed during an event council meeting In reaction to a question posed by a citizen following the authority’s decision to decrease the council…
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Tax on Second Homes Generates £12.5M for Council
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Councillors were informed that over the past year, a council tax surcharge collected from those who own secondary homes amounted to approximately £12.5 million for the Pembrokeshire council. The number was disclosed during an event council meeting In reaction to a question posed by a citizen following the authority’s decision to decrease the council…
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‘£20k Holiday Let Bill: My Penalty for Second Home Rentals’
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A woman overseeing vacation rentals in a coastal town says she might go bankrupt because the apartments have been classified as “secondary residences.” Judith Robbins operates eight self-catering units in a single building in Blackpool, renting them out to budget-conscious families. However, in October, the woman, who is 75 years old, learned that six…
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Americans Need $114,000 Yearly to Buy a Median Home
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For many Americans, homeownership is becoming increasingly unattainable due to high mortgage rates and escalating home costs stretching potential purchasers’ budgets to their limit. To afford a home priced at the current national median of $431,250, as reported by Realtor.com for April, buyers must have an annual income of at least $114,000 based on…