HMO Success Podcast Episode 38: Council Tax Re-Banding on HMO Rooms: How will it affect you?
The HMO Success Podcast with Wendy Whittaker-Large
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Show Notes
HMO Success Podcast Episode 38: Coundil Tax Re-Banding on HMO Rooms: Will it affect you?
This is going to be a hotly debated topic this year! More and more HMO landlords who are converting properties previously on Business Rates are finding that the Valuation Office has re-banded the rooms individually. This not only knocks out all the profit, but leaves the landlord / investor wondering what to do.
I discuss this issue and highlight some anomalies with the process which are highly relevant. I'd be interested to know what your experiences are. Already there are a number of landlords who are encountering this issue and then being faced with a tribunal to argue their position. Most lose their appeal. What can be done? I'll explain why I think tribunals have got HMOs wrong and what you can do if you find yourself in that position.