I don’t see this working. Not only the property owners would transfer this cost to your monthly payments, the government would need an enormous bureaucracy to actually control and enforce this law. I don’t believe this is technically possible to achieve.
But they mean specifically a vacancy tax. So anyone who owned vacant property would have a large additional payment or get it rented
I don’t see this working. Not only the property owners would transfer this cost to your monthly payments, the government would need an enormous bureaucracy to actually control and enforce this law. I don’t believe this is technically possible to achieve.
They pass on a tax that doesn’t apply if you’re renting it?
Eventually somebody will rent it, and the monthly price will be higher to recoup the tax.