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They should do this in London, but unfortunately our officials rarely seem to give a shit in the face of foreign money.
by estefan 10y ago
They should do this in London, but unfortunately our officials rarely seem to give a shit in the face of foreign money.
- estefan 10y agoThe should ban leaseholds as well while they're at it.
- dood 10y agoI was curious so I did a quick bit of Googling: Since 2013 councils can levy an “empty homes premium” of an additional 50% council tax [1]. No idea how many actually do. The rate of unoccupied dwellings in London is 1.7% [2] 1. https://www.theguardian.com/society/2016/feb/21/tens-thousands-london-homes-deemed-long-term-vacant https://www.theguardian.com/society/2016/feb/21/tens-thousan... 2. http://www.emptyhomes.com/wp-content/uploads/2011/05/Empty-Homes-in-England-Final-September-2016.pdf http://www.emptyhomes.com/wp-content/uploads/2011/05/Empty-H...
- estefan 10y agoEmpty homes is one thing. Taxing foreign investors would make a massive difference over night.