"Rod Speed" wrote in message
...
Doctor Drivel wrote
djc wrote
Tony Bryer wrote
Rod Speed wrote

And we KNOW that in Australia, which has had an LVT for more
than a century now, that landlords do in fact pass on the LVT,
regardless of what some stupid academic claims isnt possible.

No, that is rubbish. I currently have a house up for rent in
Ballarat and it will fetch what the market says it will fetch.
Any prospective tenant could not give a toss whether I am liable for
Land Tax or not or whether my marginal rate of tax is 15%, 30% or 40%.
He will pay what the property is worth, regardless of the tax I pay.

Of course he dosn't, but you do. Unless you are very altruistic the rent
at which you are willing to let that property will take into
account your costs of ownership, which includes any tax liability.
If the market won't pay that price then you have a bad investment.

Then he sells

No one stupid enough to buy it if the LVT is the only tax in the country.

Good thing as land is not hoarded and it keeps harmful speculators away.