To put it another way, why not raise taxes to $1M/sq.ft.? $1B/sq.ft.? If if were true that it wouldn't be passed on to tenants then you've found the magic money tree.
1,217 karma · joined July 16, 2014
To put it another way, why not raise taxes to $1M/sq.ft.? $1B/sq.ft.? If if were true that it wouldn't be passed on to tenants then you've found the magic money tree.
Although we don't have LVT in the UK, it interesting that we have another restriction on the creation of Locations: Planning laws in the UK are extremely hard and expensive to navigate and get permission to build pretty much anything, so the creation of new Locations is pretty much impossible. And that doesn't seem to be a good thing.
This is simply not true in the same way that consumers are not always rational and always pay the exact correct price.
Landlords regularly charge less than full market rate, for example when they have a good tenant, as the costs of a new tenancy and the risk of a void are higher than the incremental marginal rent (once taxed at the landlord's marginal rate) is worth to that landlord. Unlike what most people seem to assume, being a landlord is not a zero-labour job. Things that require additional labour on the part of the landlord have to be worth it.
The thing that changes this calculation is an increase in costs. You are right that landlords are not charities, so they will generally avoid a loss. The primary costs for most landlords are mortgage interest and taxes. Increase the taxes and some of these landlords will now be underwater and will increase prices towards highest market rate as a result.
Partition resizing is not exactly difficult, and I can count the number of times I've ever actually had to resize a swap partition in the last 30 years on the fingers of one foot.
If we're sticking with the crates/cargo metaphor, surely this should be called a "pallet".
It would be good to add appeal data in (also a public gateway) to show which councils are just being unreasonable.
I personally think the planning regulations in this country are the cause of many ills, including the housing shortage. It just costs so much to get through planning these days, it is often just not worth it. Data like this could help us get that changed.
I think it still needs some work for more general use which I unfortunately don't have time for at the moment.
[1] https://www.gov.uk/vehicle-tax-rate-tables/rates-for-cars-re...
I think the article is just nonsense.
They are.
ChatGPT thinks # is called "hashtag"? :(
source: https://www.gov.uk/government/news/security-deposit-cap-redu...
Also, bicycles are vehicles. So surely they should pay Vehicle Tax as well?
A more accurate name would be the "Using a Motorized Vehicle on the Public Road Tax". Let's abbreviate it by dropping all but the last two words. :)
Despite the words they use, it's not a vehicle tax: you can own a vehicle without paying it as long as you declare that you will not use the vehicle _on_the_road_ (a.k.a., make a Statutory Off Road Notification). It's a tax for using the roads. A road tax.
That the government don't ring-fence it to use on road maintenance is irrelevant.