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Council Tax Bill published

The Council Tax (New Valuation Lists For England) Bill was published today by the Office of the Deputy Prime Minister.

The publication of the Bill follows the announcement on September 20 that the government has extended Sir Michael Lyons’ inquiry into local government funding – so that he can consider issues relating to the wider functions of local government and its future role, and postponed the revaluation of council tax in England.

The Bill removes the current requirements in the Local Government Finance Act 1992 for there to be a revaluation of domestic properties, in England, for Council Tax purposes on April 1 2007, and at 10-yearly intervals thereafter.

The Bill will legislate to provide new powers to set a future date for the revaluation so that it too can be part of a fully developed package of funding reforms, taking full account of Sir Michael’s further work.


UKs high net worth growing

A report from independent market analyst Datamonitor reveals that the UK high net worth population grew by 12% in 2004, taking the number of wealthy individuals with more than 200,000 in liquid assets to over 916,000 and this number will continue to rise over the next few years. Many private banking providers are reviewing their […]

Hidden threat to brokers in HIPs

HIPs will shift the emphasis toward sellers being more transparent about their properties at an early stage and this could contain the seeds of a threat to brokers, says Richard Griffiths

Internet Insite

Mortgage Strategy’s weekly guide to what’s hot and what’s not on the web. Kevin Paterson takes a look at lender websites, working his way from A to Z

Increased activity in housing market fails to increase consumer confidence

Confidence in the housing market has fallen for the first time in eight months, despite recent increased activity in the housing market. Confidence was static for four months, but has fallen by one% in September with 48% of homeowners expecting their property to rise in value over the next 12 months, compared to 63% this […]


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