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Yeah. I am in favor of a high tax on absentee ownership of real estate. Deduct the property where you live and where you work. Everything else gets taxed hea
by einhverfr 7y ago
Yeah. I am in favor of a high tax on absentee ownership of real estate. Deduct the property where you live and where you work. Everything else gets taxed heavily.
- mytailorisrich 7y agoBut then either you can afford to buy your home or you have to live on the street...
- sprafa 7y agoAbsentee ownership is not equal to renting it out.
- einhverfr 7y agoWe should exempt rent-to-own contracts. If the contract vests ownership over a 20 year period or less, then it should count as owned by both sides for the purposes of this tax proposal. Bonus, we reduce the influence of banks.
- petre 7y agoIt's pointless. One can have multiple temporary residences. The Swiss have already solved this. You pay the same amount of tax regardless if you keep the property empty, live in it or rent it. It's calculated as a percentage of average rent in that area which gets updated with market prices every 6 months or so. They also have low VAT and corp taxes.