Tuesday, January 22, 2008

Vacant Housing Tax

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Basically a Tax on Vacant Housing/Living Accommodations, that have been so after a period of 6 months, which is to be augmented every 3 months after that, and according to a table/scale, decided beforehand. Not applicable if Housing/Living Accommodation is on Sale, unless it has been on the market for more than 2 years. The Housing/Living Accommodation, can not both be "on sale" and "to rent" simultaneously. If Housing/Living Accommodation is vacant or unsold for too long, it is to be automatically sold without approbation of owner to the State, according to a fixed rate per square meter and according to condition of Housing/Living Accommodation. This Tax rate is to be fixed by the state, maybe 30% of the "rent price tag", and is to be augmented by 10% every 3 months after that. This way, this new Tax will both push the owners to put an adequate/fair "Rent price tag" and make sure their rentable Housing/Living Accommodation are not kept vaccant, as well as be a good source of income tax for the government.


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