I know most of us here love Land Value Tax (I know I do), but since the 1980s, land value has decoupled from house prices and the value of the land has grown much faster than the value of the structure.
This is true especially for land under residential properties and agricultural land. Land Value Tax could cause issues for homeowners and farmers. I think I would start with 0.5% or 1% of land just to be reasonable. Hopefully this will be enough to replace council tax, business rates and stamp duty and with planning liberalisation we can serious encourage efficient economic development of land.
gregorijat on
JUST TAX LAND, FOR THE LOVE OF GOD.
upthetruth1 on
Also looking at the land prices for non-residential and non-agricultural properties, you can see why the Lib Dems are focusing on Land Value Tax for commercial areas
3 Comments
I know most of us here love Land Value Tax (I know I do), but since the 1980s, land value has decoupled from house prices and the value of the land has grown much faster than the value of the structure.
This is true especially for land under residential properties and agricultural land. Land Value Tax could cause issues for homeowners and farmers. I think I would start with 0.5% or 1% of land just to be reasonable. Hopefully this will be enough to replace council tax, business rates and stamp duty and with planning liberalisation we can serious encourage efficient economic development of land.
JUST TAX LAND, FOR THE LOVE OF GOD.
Also looking at the land prices for non-residential and non-agricultural properties, you can see why the Lib Dems are focusing on Land Value Tax for commercial areas