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Local Government Finance (Amendment) (No. 2) Bill

A Bill to amend the Local Government Finance Act 1992 to provide for three additional council tax bands applicable to homes valued at over £500,000, £1 million and £1.5 million respectively; and for connected purposes.

Originating House

House of Commons

Parliament last updated

1 May 2012

In Plain English

AI-generated

May contain errors — check source documents for definitive information.

This bill would add three new council tax bands for homes valued above £500,000, £1,000,000 and £1,500,000. It amends the Local Government Finance Act 1992 so councils can charge higher council tax on these high‑value homes, with the aim of raising additional revenue for local authorities.

Key Points

  • Creates three extra council tax bands for high‑value homes (over £500k, £1m and £1.5m).
  • Allows higher council tax charges on properties in those bands under the Local Government Finance Act 1992.
  • Intended to raise additional revenue for local authorities by adjusting council tax bands.
  • Currently at the 2nd reading in the House of Commons; originated in the Commons, with the first reading on 31 January 2012.

Progress

The bill is currently at the 2nd reading in the House of Commons. It originated in the Commons, with the first reading having taken place on 31 January 2012.

Who is affected?

Owners of homes valued above £500,000, £1,000,000 and £1,500,000Local authorities/councils responsible for setting and collecting council taxLocal residents who contribute to or are affected by changes in council tax revenue

Generated 21 February 2026

Bill Stages

1st readingCommons

31 Jan 2012

2nd readingCommons
Committee stageCommons
Report stageCommons
3rd readingCommons
1st readingLords
2nd readingLords
Committee stageLords
Report stageLords
3rd readingLords
Royal Assent

Updates & Documents

News (1)

News - Local Government Finance (Amendment) (No. 2)

1 Jan 1970
The Bill failed to complete its passage through Parliament before the end of the session. This means the Bill will make no further progress.

Parliamentary Votes (0)

No recorded votes for this bill yet.