UK Politics
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The taxing empty property 2x is smart.
Clearly someone recognised that as soon as they gain power. A lot of land lords would start refusing to rent. In the hope of creating a housing shortage and forcing the gov to reset.
The taxation forces them to either rent or sell. And sell at a reasonable price given changes in the market.
It prevents wealthy property owners trying to hold the gov hostage.
I had a better idea. What about every additional house you own drives up the tax rate on every house you own by 1-2 %? This makes it affordable to still own a vacation house if you really want one, but by the 3-4th house, there's zero profit margin on the houses (if you're renting them out and it quickly becomes pointless or expensive to own multiple properties.
This just creates a market for fake tenants.
i would assume fraud would be illegal
As long as the government doesn't catch wind, I don't think landlords would give a damn.
if they are going to commit fraud anyway, then you might as well as pass the law