If you leave your empty property unused, you may face several significant consequences. Not only does it negatively affect the surrounding neighborhood, but you could also incur extra costs in the form of council tax premiums.
Here's a breakdown of the council tax premiums you might face if your property remains empty:
| Duration of Vacancy | Council Tax Premium |
|---|---|
| 1 - 5 years | 100% premium |
| 5 - 10 years | 200% premium |
| 10 years and longer | 300% premium |
Besides the financial penalties, unmaintained empty properties can attract vandalism, squatting, and even arson, thereby reducing the value and condition of both your property and those nearby. If you're looking to bring your property back into use, the council offers advice and potential financial support through their No Use Empty Plus scheme.
For further details, you can check out the empty property report page.