Help to Buy (HTB)
- The HTB scheme is extended for a further year to 31 December 2025.
- The scheme has been amended to increase its compatibility with the Local Affordable Purchase Scheme for eligible applicants, effective from 11 October 2023.
Vacant Homes Tax (VHT)
- VHT is a self-assessed tax that applies to habitable residential properties that have been occupied for fewer than 30 days in a 12-month chargeable period, from 1 November to 31 October of the following year.
- The VHT rate for chargeable periods from 1 November 2023 onwards has been increased to five times a property’s existing base Local Property Tax liability.
Residential Zoned Land Tax (RZLT)
- The first liability date for RZLT will be deferred until 1 February 2025.
- Landowners will be afforded an opportunity to submit requests for a change in the zoning of their land to local authorities in respect of the mapping process being undertaken in 2024 and 2025.
Defective Concrete Products Levy
- This levy is being amended so that it will no longer apply to the pouring concrete used in the manufacture of precast concrete products, with effect from 1 January 2024.
- A refund scheme is also being put in place to allow those who paid the levy on such concrete between 1 September 2023 and 31 December 2023 to reclaim it.