L.A. council members propose taxing landlords who leave homes vacant

Re:L.A. council members propose taxing landlords who leave h... by ToFab123 on Friday June 21, 2019 @03:01AM (#20240513)

I Denmark there are so many difference taxes. The most unfair of them all is "lejeværdi af egen bolig" which directly translates to "Rental value of your own house".

Short version. Had you chosen to rent out your house to someone else instead of living there yourself, you would have made a profit". You have to pay taxes on that value.

"But, hey stop wait a minute", you might say. "I am not renting out my house. I am actually living there all by myself."

Well sorry, that is irrelevant. You still have to pay taxes of that imaginary profit regardless if you live there or not.

The tax rule (in Danish) https://tax.dk/jv/ch/C_H_3_2_2_2_3.htm

WTF? Yes, WTF but true.

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Re:L.A. council members propose taxing landlords who leave h... by jacquesm on Friday June 21, 2019 @03:56AM (#20240740)

Same in NL: Huurwaardeforfait.

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Re:L.A. council members propose taxing landlords who leave h... by reallydontask on Friday June 21, 2019 @04:10AM (#20240787)

is this on top of property taxes?

What's the rationale?

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Re:L.A. council members propose taxing landlords who leave h... by yonran on Friday June 21, 2019 @05:04AM (#20240985)

Landlords have to pay income tax on the rent. If owner-occupiers didn’t pay tax on the imputed rent, then the owner-occupier would pay a lower income tax than the landlord+renter. In effect, the implicit tax deduction that owner-occupiers get on imputed rent in US Income Taxes is a regressive tax on the renter+landlord. See also this explanation: https://www.vox.com/2016/4/15/11432676/imputed-rent-taxation

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Re:L.A. council members propose taxing landlords who leave h... by reallydontask on Friday June 21, 2019 @09:52AM (#20242465)

thanks for this.

At first blush, this sort of tax would seem to disincentivize home ownership but all countries listed on the article apart from Switzerland have higher rates than the UK/US.

Curiously, article doesn't mention Denmark, which does have slightly lower rates than UK/US.

https://en.wikipedia.org/wiki/List_of_countries_by_home_owne...

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