Manchester City and all clubs interested in Newcastle United midfielder Bruno Guimaraes have been given a one-month warning before his release clause expires.
13.05.2024 - 10:45 / dailyrecord.co.uk
A retired teacher is angry that she may possibly be forced to sell her second home, due to a new tax increase that will cost them thousands.
Fiona Wilson, 66, and her husband David, 68, bought a seaside property in Whitby, over a decade ago to rent out as an addition to their main home in nearby North Yorkshire, which they bought for £205,000 in 1999.
After retiring, the former educator decided to make the Whitby property their second home instead, so they could spend their extra time on frequent coastal trips.
But due to tax nearly doubling on second homes in the county to address the housing crisis the couple maybe forced to sell the three-bedroom property, reports Yorkshire Live.
The couple bought the cottage for £150,000 in 2010 with the intention of renting it out to holidaymakers to supplement their retirement income.
Fiona explained: "We were both working full time. I was a teacher and my husband was a pharmacist.
"We deliberately bought it as a source of extra income to be used to supplement our retirement as part of a retirement plan."
The couple enjoyed low tax while the property was rented out, thanks to 100 per cent business rate relief. Upon retirement, they chose to keep the cottage for personal use rather than continue renting it out.
However, they were shocked to learn that the annual tax of £1,800 is set to nearly double to £4,000 by April 2025. This increase is due to North Yorkshire Council's introduction of a 'second home premium' charge of 100%, as part of the Levelling Up Act (2023).
Faced with this steep rise, Fiona is contemplating selling the property. She said: "It's going to cost an awful lot of money to keep the two homes.
"We think the policy is flawed. [It's designed] to encourage people with second
Manchester City and all clubs interested in Newcastle United midfielder Bruno Guimaraes have been given a one-month warning before his release clause expires.
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