Tony Bryer wrote
Rod Speed wrote
Tony Bryer wrote
Rod Speed wrote

And what the market says it will fetch includes the LVT
because ALL the landlords pass on the LVT to the tenants
because otherwise they wouldnt be making as much profit.

Any prospective tenant could not give a toss whether I am liable for Land Tax or not

All landlords are, thats how the rates are calculated in Australia.

No, a landlord may be paying anything between 0 (land
value below $250K) and 2.25% in Victoria (it's a state tax).

Thats not the rates which are determined by the value of the land.

http://tinyurl.com/6qjzrtl depending on the total site value
of properties they own other than their own home.

Thats in addition to the LVT thats what the rates are
because the rates are determined by the value of the land.

No,

Yep.

a *Land Value* Tax is just that, a tax on the
value of the land, regardless of what is put on it.

That is precisely what council rates that are based on the land value are.

The argument for a LVT is that it encourages landowners
to maximise the use of their land (within the constraints of PP etc)

And thats always been the argument for basing
the rates on the land value as is done in Australia.

and penalises landbanking and the like.

And thats always been the argument for basing
the rates on the land value as is done in Australia.