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fru-gal

Call For New Land Tax In London To Boost Housing Supply

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That is a fantastic idea. Landowners should be taxed on the opportunity cost of doing nothing. Follow it up with a tax on uninhabited dwellings and that would have a huge effect on housing.

Edited by 999house

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Won't this just lead to landowners just evicting the land and putting in deep chasms to the centre of the earth to avoid paying the tax?

Nobody cares more about the wellbeing of land than landowners and this tax is just anti-aspirational.

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Won't this just lead to landowners just evicting the land and putting in deep chasms to the centre of the earth to avoid paying the tax?

Nobody cares more about the wellbeing of land than landowners and this tax is just anti-aspirational.

Its a use it or lose it tax. A nudge to get some return on the land rather than sitting on it and paying tax. Would force people to sell up or develop

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The tax could be paid in terms of confiscation of land if housing not built on it. Say 25% a year - in 4 years the entire land parcel would have transferred.

That would still be too slow and a form of can kicking but it would be far better than the current system.

Edited by billybong

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