Colonel Mustard
Well-known member
- Jun 18, 2023
- 2,240
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i think that’s the better approach. The legal disputes and red tape over trying to confiscate a property, not to mention arguments over what constitutes an empty property in the first place, would tie up courts and local government for years. On top of that, many empty houses would need massive investment to make them inhabitable. Much better to reduce the number of long term empty properties in the first place. Tax an absent owner 1% of the market value in year one, 2% in year two, and so on. A £500k house owner would have to shell out £5k then 10K… That would soon get these houses sold off or renovated and rented out. All revenue received would have to go the local authority to help the homeless. I like that idea.Are you really guessing that the number is significant?
My suggestions regarding empty properties, which includes any already up for sale or rent, is that after one year unoccupied council tax is doubled, tripled the following year and so on. At some point the owners are going to either hand over the property to the council or be forced to do so by the courts. This includes holiday homes that are empty for the majority of the year and those kept as "investments".