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The tax could be an "empty house" tax, so there would be an incentive to get a tenant. Alternatively, the tax could be targeted at negating profit from value i
by jusssi 4y ago
The tax could be an "empty house" tax, so there would be an incentive to get a tenant.
Alternatively, the tax could be targeted at negating profit from value increase, so that you pay higher tax on profit from sale of property (possibly with a deduction you can apply when buying another one within some reasonable timeframe, so that normal homeowners aren't affected).
- eru 4y agoI would advise against 'empty house' taxes. They just create lots and lots of grey areas. Also don't tax transactions: you don't mind if people are buying and selling property. What you mind is foreigners (or others) _holding_ property. So tax that. Transaction taxes are economically inefficient, because they impede the re-shuffling of assets to the best use. Look into 'land value tax' for more detail.