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John Williamson John Williamson is offline
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Default If Scotland gets independence

hugh wrote:
In message , Doctor Drivel
If travellers decide they want to settle on a legitimate field, then
LVT is
due on the field. Then travellers for the first time ever will be paying
into HMG.

Hang on, you said the tax couldn't be passed on by the
landlord/landowner to the tenant. So the travellers will still pay SFA,
unless of course the land owner builds it into the pitch rental but
again you said that couldn't happen with property rentals so how come it
suddenly can apply to travellers?

You don't expect him to be consistent, do you?

What would happen in real life is that the rental in all cases would be
set to include the LVT, even if this didn't show on the final receipt,
offset by a reduction in tax on the actual income.

The net result over a few years would be an increase in all rents, while
reducing the value of all land bought and sold, so reducing outgoings
for property owners. The rich, who could afford to buy, would therefore
pay less than the poor, who can't. Socialism in action. ;-)

--
Tciao for Now!

John.