How do you calculate the true cost of moving to London. There are number of additional expenses that you’ll have to consider after your move. Part of the expenses of renting a property is a council tax which is levied on all properties in the UK. There are different council taxes levied on different areas and it may be worthwhile to ask your relocation agents about the amount of council tax you’ll have to pay in your area.
Moving to London and Council Tax
All areas and suburbs of London fall under the management of a local council. Some councils manage several areas and others manage only one. It is important to note that not all properties have to pay a council tax, but registering with the council is an important aspect of your relocation to London.
The amount of council tax that you will have to pay is based on the area that you live in. the Valuation Office Agency has assigned a certain valuation band to each area and the Council Tax is based on that figure. If you want to find out what you will be paying each month on top of your rental amount then submit your postcode to the VOA website for more information.
The easiest exemptions and discount on council tax is if you are an adult living alone. The discount could be up to 25% of the annual amount which will save you quite a bit of money. Ask your London relocation agents to find out if you qualify for a discount and make sure you inform the council of your status when you register.
You will be sent a bill for Council Tax on April 1 of each year, although you may get a pro-rata bill shortly after you move into your apartment. You have the option of paying monthly, quarterly or a year in advance. You may pay at the council, through the bank, and even online via EFT or credit card.
The cost of moving should be calculated long before you start packing your bags. There will be a number of additional expenses