In message , Doctor Drivel
writes

"Andrew May" wrote in message
...
On 20/03/2012 15:21, 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?

As they do now. A house is worth £300K. The insurance company estimate a
house rebuilt at £100K. Take one from the other. Estate agents and insurance
companies do it very well.

Idiot, the value of something is not determined by the production cost.
--
hugh