London: the city that ate itself

Re:London: the city that ate itself by gsnedders on Tuesday June 30, 2015 @07:09AM (#9804309)

The UK already has taxes on vacant properties — they're just (obviously) not high enough to stop what's happening in London, where the growth in value far exceeds the taxes.

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Re:London: the city that ate itself by ownagefool on Tuesday June 30, 2015 @08:17AM (#9804628)

Which taxes are these? Last I checked, the only taxes on property were:

a) stamp duty - sometimes historically avoided by owning property though a cooperation, which is then sold instead of the property directly.

b) council tax - avoided by keeping the property empty of funiture.

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Re:London: the city that ate itself by mollmerx on Tuesday June 30, 2015 @12:45PM (#9806570)

I don't believe it is the case that keeping a property empty of furniture absolves the owner of have to pay council tax: [[https://en.wikipedia.org/wiki/Council_Tax#Exemptions]]

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Re:London: the city that ate itself by ownagefool on Wednesday July 01, 2015 @03:05AM (#9810380)

Apparently it's a 6 months exemption. I could have sworn there was no time limit on the west lothian council page, but I'm probably wrong.

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