Pembrokeshire Reduces Second Home Tax Premium to 150%

The decision follows concerns over tourism impacts and financial pressures on local council services.

Pembrokeshire County Council voted to lower the second home tax premium from 200% to 150%, effective April next year.
The original 200% premium, introduced in April, led to a significant increase in second homes being put up for sale.
Local businesses and tourism stakeholders expressed relief, citing the negative impact of the higher tax on the local economy.
The Welsh government had allowed councils to charge up to a 300% premium to address housing affordability and support local services.
Critics argue that reducing the premium could exacerbate financial challenges for the council, already facing a significant funding gap.