WTF - council chases council tax for council owned property and Bankrupt Councils

The Property Nomads Podcast

Rob discusses two lighthearted yet absurd stories involving councils and their inefficiencies. The first story revolves around a West London council that sent bailiffs to collect unpaid council tax for a property that the council itself owned. This level of incompetence not only wasted taxpayer money but also caused distress to the individual involved.

The second story highlights the financial struggles of councils, with Nottingham City Council and Birmingham City Council filing for bankruptcy.

KEY TAKEAWAYS

Inefficiency costs taxpayers money and is a serious concern. The council in question failed to check its own records and communicate internally, resulting in unnecessary expenses and distress for the property owner.

Nottingham City Council and Birmingham City Council have filed for bankruptcy, indicating financial mismanagement and potential shortfalls in their finances. This raises concerns about the ability of some councils to effectively manage their constituencies.

Councils may resort to increasing taxes to cover their financial shortcomings, which could negatively impact property owners and taxpayers in those areas.

BEST MOMENTS

"And this is why a lot of councils and whatnot are going bankrupt."

"They're looking to treble people's council tax to pay for bus lane improvements, because they've got like a super bus network in that part of the country."

"And there's been a massive misallocation of finance. There's been a massive misallocation of public funds and funds are being put into the hands of people that have no idea how to run it."

"Because chances are the councillors are going to need to raise cash. And of course, landlords, landladies, land people, just people that own housing in general, they're gonna get the short end of the stick as they normally do."

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ABOUT THE HOST

Rob Smallbone is the author of the Amazon best-seller Buy-To-Let: How To Get Started as well as 101 Top Property Tips and Property FAQ’s.

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