18. We have a housing shortage. How will taxing housing get more houses built?

18. We have a housing shortage. How will taxing housing get more houses built?

Answer

Land is included as an asset – any land owner would have to ensure their land generates a minimum taxable return. This change would remove the incentive for “land banking” – sitting on unproductive land waiting for capital gain. That in turn would incentivise more houses to be built in areas where demand is high. 


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