If you pay 1% for one house, someone with 2 houses should pay 2%, and a company with 2000 homes should pay 2000%
That would make it increasingly difficult for mega companies to buy up everything and torture the housing market
If you pay 1% for one house, someone with 2 houses should pay 2%, and a company with 2000 homes should pay 2000%
That would make it increasingly difficult for mega companies to buy up everything and torture the housing market
I don’t think the UK sales tax has an exception for primary residences, is that correct? That is the key ingredient that is missing: regular people should be able to buy and sell their homes to each other without a tax penalty, it’s only when corporations buy and sell that it should apply (well, individuals, too, if they buy more than one or two).