3 ms·
Buying property is a pretty bad way to put money into the economy, though partly dependent on your locations approach to capital gains (where I am it’s untaxed)
by interstice 3y ago
Buying property is a pretty bad way to put money into the economy, though partly dependent on your locations approach to capital gains (where I am it’s untaxed).
- zdragnar 3y agoSince this is probably London, they probably had to pay stamp duty tax and property taxes. On a 10 million pound property, that'd be around 1.2 million pounds. On top of that, there's annual property taxes for London. I don't know if there's any discount for primary residences, but they wouldn't be getting it for a property just for their dogs.