Filetype Excel XLSX | Posted on 17 Aug 2022 | 4 years ago
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441x Filetype XLSX File size 0.46 MB Source: assets.publishing.service.gov.uk
Sheet 1: New Homes Bonus
| New Homes Bonus Calculator | ||||||||||||||||||||||
| Step 1. Please select the method you wish to use to view bonus payments | ||||||||||||||||||||||
| Step 2. Select a local authority or county from the drop-down list | ||||||||||||||||||||||
| Department for Communities and Local Government | ||||||||||||||||||||||
| newhomesbonus@communities.gsi.gov.uk | ||||||||||||||||||||||
| Calculating the New Homes Bonus | ||||||||||||||||||||||
| Cumulative New Homes Bonus payments | ||||||||||||||||||||||
| Current year payments only | ||||||||||||||||||||||
| Illustrative Payments by Band | ||||||||||||||||||||||
| Return to homepage | |||||||||||||||||||||||
| Calculation process | |||||||||||||||||||||||
| Worked example | |||||||||||||||||||||||
| Council tax band | Total | A | B | C | D | E | F | G | H | ||||||||||||||
| I | Weighting (Band D equivalence) | 6/9 | 7/9 | 8/9 | 9/9 | 11/9 | 13/9 | 15/9 | 18/9 | ||||||||||||||
| II | Previous year dwelling stock | 7,521 | 1,500 | 1,286 | 1,125 | 1,000 | 818 | 692 | 600 | 500 | |||||||||||||
| III | …in band D equivalents (II x I) | 8,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | |||||||||||||
| IV | Growth in dwelling stock* | 75 | 15 | 13 | 11 | 10 | 8 | 7 | 6 | 5 | |||||||||||||
| V | …in band D equivalents (IV x I) | 80 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | |||||||||||||
| VI | National average Band D council tax rate | £1,530 | £1,020 | £1,190 | £1,360 | £1,530 | £1,869 | £2,209 | £2,549 | £3,059 | |||||||||||||
| VII | Baseline = 0.4% of band D equivalent stock (III x 0.4%) | 32 | |||||||||||||||||||||
| VIII | Units rewarded - Band D equivalents (V - VII) | 48 | |||||||||||||||||||||
| IX | Payment for Band D equivalents (VIII x VI) | £73,419 | |||||||||||||||||||||
| X | Affordable homes | 15 | |||||||||||||||||||||
| XI | Affordable homes payment (X x £350) | £5,250 | |||||||||||||||||||||
| XII | Annual payment (XI + IX) | £78,669 | |||||||||||||||||||||
| The worked example above shows the method for calculating the New Homes Bonus in a hypothetical local authority. The calculation shows the outcome following a 1% growth in the housing stock, evenly split across the council tax bands and 15 new affordable homes. There is a baseline level of 0.4%, below which new homes are not rewarded with the Bonus and the national average Band D council tax rate of £1,529.56 is paid thereafter. *In practice the growth in the dwelling stock is calculated from DCLG Council Taxbase (CTB) statistics with the effective stock (i.e. after accounting for demolished or long term empty property, Line 1 minus Line 3 minus Line 18 on the CTB form) in the previous year subtracted from the latest year. |
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| New Homes Bonus Calculator | Reform: | No | |||||||||||||
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Current housing stock (Oct 16): | - | |||||||||||||
| Net change in stock (Oct 16)1: | - | ||||||||||||||
| Return to homepage | Affordable housing supply (15/16)3: | - | |||||||||||||
| Stock of empty homes (Oct 16): | - | ||||||||||||||
| Year of Payment | |||||||||||||||
| Cumulative Payments | 2011 / 12 | 2012 / 13 | 2013 / 14 | 2014 / 15 | 2015 / 16 | 2016 / 17 | 2017 / 18 | 2018 / 19 | 2019 / 20 | 2020 / 21 | |||||
| Payments for Year 1 | £0 | £0 | £0 | £0 | £0 | £0 | |||||||||
| Payments for Year 2 | £0 | £0 | £0 | £0 | £0 | ||||||||||
| Year of Delivery | Payments for Year 3 | £0 | £0 | £0 | £0 | £0 | |||||||||
| Payments for Year 4 | £0 | £0 | £0 | £0 | |||||||||||
| Payments for Year 5 | £0 | £0 | £0 | £0 | |||||||||||
| Payments for Year 6 | £0 | £0 | £0 | £0 | |||||||||||
| Payments for Year 7 | £0 | £0 | £0 | £0 | |||||||||||
| 2017/18: Total Payments | £0 | ||||||||||||||
| £0 | £0 | £0 | £0 | £0 | £0 | ||||||||||
| Total Payments (2017/18) | |||||||||||||||
| Year 1 | £0 | ||||||||||||||
| Year 2 | £0 | ||||||||||||||
| Year 3 | £0 | ||||||||||||||
| Year 4 | £0 | ||||||||||||||
| Year 5 | £0 | ||||||||||||||
| Year 6 | £0 | ||||||||||||||
| Year 7 | £0 | ||||||||||||||
| Total Payment: | £0 | ||||||||||||||
| Data sources: | |||||||||||||||
| 1. Net additional dwellings are calculated by subtracting effective stock (total stock less long-term empty homes, and demolitions) as recorded on the CTB in one year from the previous year: See 'Calculating the New Homes Bonus' in the first page of this spreadsheet | |||||||||||||||
| 2. Data taken from the Council Tax Base form: https://www.gov.uk/government/statistics/council-taxbase-2016-in-england | |||||||||||||||
| 3. Data taken from Live Table 1008 - Affordable housing supply in England: 2015 to 2016: (https://www.gov.uk/government/statistical-data-sets/live-tables-on-affordable-housing-supply) | |||||||||||||||
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