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The UK already has taxes on vacant properties — they're just (obviously) not high enough to stop what's happening in London, where the growth in value far excee
by gsnedders 11y ago
The UK already has taxes on vacant properties — they're just (obviously) not high enough to stop what's happening in London, where the growth in value far exceeds the taxes.
- ownagefool 11y agoWhich taxes are these? Last I checked, the only taxes on property were: a) stamp duty - sometimes historically avoided by owning property though a cooperation, which is then sold instead of the property directly. b) council tax - avoided by keeping the property empty of funiture.
- mollmerx 11y agoI don't believe it is the case that keeping a property empty of furniture absolves the owner of have to pay council tax: [[https://en.wikipedia.org/wiki/Council_Tax#Exemptions] https://en.wikipedia.org/wiki/Council_Tax#Exemptions]]
- ownagefool 11y agoApparently it's a 6 months exemption. I could have sworn there was no time limit on the west lothian council page, but I'm probably wrong.