In message , Rod Speed
writes
Andrew May wrote
Doctor Drivel wrote

There is nothing simpler than LVT. Only one tax. Reclaiming the
annual value rate of land and no other taxes.

I have asked you this before and you didn't answer. How do you value
the _land_ on which a house is built?

In theory you look at the price bare land is sold for and try to find
something comparable to the land under the house location wise etc.

Bare land with or without planning permission ?
In practice with modern citys where there is very little bare land available
anywhere except the extreme outskirts etc, its one hell of an abortion/guess.


When we bought our house the value of the land was shown separately - it
reduced the stamp duty.
Multiplying it by the same factor as the inflation of the house value it
would now be worth £50k
So under this weirdo's scheme at 100% LVT that would be my tax per
annnum.

Sell the house/ - I wouldn't be able to give it away.
--
hugh