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You want capital gains on land appreciation. We want to encourage investment into new developments.
by VirusNewbie 5y ago
You want capital gains on land appreciation. We want to encourage investment into new developments.
- 8note 5y agoThe land appreciates without development on it. If anything, we want only appreciation from developing. If you don't do something to the property, you shouldn't get a profit from it
- Retric 5y agoI think that’s what they where suggesting, however that’s really expensive and hard to implement. If you simply calculate based on the value of the land then a 200 year old house counts as “new” development etc. Worse it doesn’t actually help. The incentives are there to develop land it’s only local zoning that prevents it.