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Sure but it better hit property investment firms too.
As we bought a house and sure we can offset this tax against mortgage going down over time if such a tax happens, but I'm pretty annoyed paying taxes while others can play games & there's a huge rent crisis even in Belfast.
I'd personally like to see an empty property tax that's going up for every year it's empty. Still a lot of empty land here.
On top empty properties renovation is expensive & you can't get a mortgage on an unliveable property. So those all end up in for-profit hands.
Renovation grants if you want to rent it for social rent rates like they have in France & being able to mortgage and renovate may also help.
Tldr happy to pay taxes, sort off. The fact so much is wasted and legally not paid annoys me though...
JWestland-
I'd personally like to see an empty property tax that's going up for every year it's empty. Still a lot of empty land here.
A staright forward property tax would start to address that. Holding onto land and doing nothing with it currently costs you nothing. If you were paying x% a year you might be more likely to do something.
Tldr happy to pay taxes, sort off. The fact so much is wasted and legally not paid annoys me though...
I'm annoyed by people who avoid/evade tax and by fraud but I don't see a lot of waste, no more than in any large organisation anyway.
jellybaby
That too but it is harder as people play all sorts of games with offshoring etc.
Property is really easy as it is here and if you don't pay the state can record that on the deeds and recover at sale/transfer time.
If you are a multi-billionaire with a massive property in Mayfair you get to contribute a lot. If you are a little old lady living in a rented council flat you pay nothing. If you bought a house in Hampstead 60 years ago and can't afford the tax because you are now a little old lady with no income then no problem, it becomes due when you die.
Property might become a less attractive investment for many and be about providing homes first.