Silurian
Deity
- Joined
- Jan 5, 2010
- Messages
- 7,567
If the people are so poor and on government handouts already why not just relocate them outside the city where property is cheaper, build housing out there?
So they can not get to work! Or there childeren can no sit there evams which are currently taking place
I am not an expert.
However I believe that in the UK tax right offs are permitted for relevant costs, losses and government favoured activities,
and not simply for owning empty properties.
There is no local council tax for properties if they are unfurnished and unoccupied.
This concession was designed to protect builders and renovators with unsold and unrented property, but it is misused by speculators.
In the UK the problem is that a lot of rich foreigners buy up property and then sit and watch property price inflation double their money.
Many London (and also Manchester) properties are sold to Chinese or Arabic purchasers who have never even seen them.
In theory they should pay capital gains tax on such profits, but there are an awful lot of tax avoidance/evasion scams.
For instance, the property is bought in the name of an overseas company; the owner sells the company or its (obfuscated
via tax havens), parent company and not the property itself, so the claim is that there is no change of ownership and no tax due!
In theory the UK should benefit from such elevated building activity, but as much of the workforce are temporary immigrants
and off book, the benefits to central government and local councils are very questionable.
I agree with most of this
The government will fail in its pledge to house the victims locally