Doctor Drivel drivelled again
Rod Speed wrote
Doctor Drivel drivelled again
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

Yeah, no one is actually stupid enough to own any when the LVT is the
only tax in the entire country and so has to be immense on any land owned.

and it keeps harmful speculators away.

Yeah, no one is actually stupid enough to own any when the LVT is the
only tax in the entire country and so has to be immense on any land owned.

Plenty of spectulation in everything else tho, because its all completely untaxed.