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Why would you want to tax sales of property? That just makes the market more illiquid, as well as making it more expensive to increase density (because you now
by neilparikh 9y ago
Why would you want to tax sales of property? That just makes the market more illiquid, as well as making it more expensive to increase density (because you now to pay an extra a fee if you want to buy a single family house to replace with an taller building).
- pjc50 9y agoYes, it's a bad idea. It used to be a small tax on high-value transactions only, but just recently it has been greatly increased. The UK could do with a proper property tax, but since homeownership is the national religion that's not going to happen.