I don’t understand the council tax in the UK. Why is the rate different for all apartments?
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I don’t understand the council tax in the UK. Why is the rate different for all apartments?
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The council tax is calculated based on the assumed capital value of your property on a certain date. Once the value of your property is calculated than your specific apartment will fall within a certain band (between A-H) which is your payable amount per annum. Note that if your property is used as a rental investment then the council tax is payable by your tenant.
