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What are the local taxes applicable to my UK investment property?

April 26, 2017applicable Investment local Property taxes UK

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What are the local taxes applicable to my UK investment property?

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All dwellings in the UK are subject to a local council tax, which is a property tax and is calculated on a daily basis. This tax applies to vacant properties also. Each individual owner is subject to council tax, married couples are assessed separately. You can claim the council tax rates you pay as an allowable expense on your UK tax returns.