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Would it not be possible to defer these taxes for people over a certain age and make it work like a lien on the house when it is sold and collected from their e
by throw_away 10y ago
Would it not be possible to defer these taxes for people over a certain age and make it work like a lien on the house when it is sold and collected from their estate? Sure, it probably makes the income for the government less regular, but surely there could be some sort of financial instrument that could be created to smooth out these inflows, no?
- bufordsharkley 10y agoYes, some have outlined a deferement, roll-up option that would work to do this.[0] Another option would be a Community Land Trust[1], which would take the responsibility of land ownership away, and allow residents to have more stability at the cost of not directly being responsible for land stewardship. [0] http://kaalvtn.blogspot.co.uk/2013/01/a-poor-widow-bogey.html#1 http://kaalvtn.blogspot.co.uk/2013/01/a-poor-widow-bogey.htm... [1] https://en.wikipedia.org/wiki/Community_land_trust https://en.wikipedia.org/wiki/Community_land_trust