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I would not want to see a vacancy tax however a hotel tax serves its purpose because it targets the use of the property. still i would limit the hotel tax to ho
by Shivetya 8y ago
I would not want to see a vacancy tax however a hotel tax serves its purpose because it targets the use of the property. still i would limit the hotel tax to housing employed for that purpose for a majority of the year. this would let those who summer elsewhere to enjoy the benefits of their home while only hitting those who choose to live elsewhere all the time.
the second point you made is a well known issue across the world, it simply comes down to a politically correct version of red lining. the terms are changed to make it palatable but the effect is the same. those in need are forced out, their presence is only desired during work hours to perform work
- Dylan16807 8y agoYou can summer elsewhere without getting hit by a vacancy tax. A house that's empty most of the year really is making the problem worse, and if they don't want to change then they can pay some money to offset the harm.
- dogma1138 8y agoThey already pay income tax on the income from the letting and unless you create a company that owns the house it’s very hard to deduct the upkeep costs from your taxes and if you transfer the ownership to a company you lose the property if you want to transfer it to back to yourself it would incur a high tax liability.
- nosuchthing 8y agoThe vacancy tax is just a limited version of the classic "Land Value tax", which would make sense for popular urban cities but not for suburban or rural areas. The point of the vacancy tax is to prioritize the limited local space for the local population who live and work in the city. Vancouver is implementing a mild version of a vacancy tax to curb the issue with empty houses. https://en.wikipedia.org/wiki/Land_value_tax https://en.wikipedia.org/wiki/Land_value_tax