Thursday, 23 March 2017

Granny flats get a tax break

FROM this month, families who build “granny flats” for elderly relatives or who house grown-up children in converted garages are to be given a lucrative tax break.Households with an annexe inhabited by a family member will get a 50 per cent discount off their current council tax bill. At present, these self-contained buildings are classed as individual properties so homeowners pay a full rate of council tax on them — on top of what they pay for their principal residence.

Currently a typical home would have a council tax of £2,427 for both properties, but the tax break is expected to knock £500 a year off this. There are an estimated 24,150 family annexes in England, plus many more in Wales and Scotland.

The Government hopes that by giving granny flats a tax break it will encourage more families to build them and help elderly relatives and older children to live independently.

For a local authority to class an annexe as a separate property it must usually be self-contained and constructed or adapted for use as separate living accommodation. It will usually include a kitchen area, a bathroom or shower-room and toilet. Here we feature two properties which could benefit from the new rules.

The delightful hamlet of Kingwood Common is set directly west of Henley in the South Oxfordshire countryside. Surrounded by open farmland interspersed with pockets of woodland the area is renowned for its natural beauty and Cherry Croft Cottage is well set back from the road in a peaceful position.

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