grte to British Columbia · 4 months agoB.C. will implement a new 20% 'flipping tax' on homes: What you need to knowbc.ctvnews.caexternal-linkmessage-square21fedilinkarrow-up1109arrow-down13cross-posted to: [email protected]
arrow-up1106arrow-down1external-linkB.C. will implement a new 20% 'flipping tax' on homes: What you need to knowbc.ctvnews.cagrte to British Columbia · 4 months agomessage-square21fedilinkcross-posted to: [email protected]
minus-squarexmunk@sh.itjust.workslinkfedilinkarrow-up9·4 months agoEh, instead of a ban an exponentially increasing tax would probably be just as effective a discouragement and better account for weird edge cases.
minus-squaretsonfeir@lemm.eelinkfedilinkarrow-up6·4 months agoFor every house beyond 2 houses, it taxes all of your houses 20% of the value of the house per year. 3 houses: 20% each 4 houses: 40% each 5 houses: 60% each… and so on.
Eh, instead of a ban an exponentially increasing tax would probably be just as effective a discouragement and better account for weird edge cases.
For every house beyond 2 houses, it taxes all of your houses 20% of the value of the house per year.
3 houses: 20% each
4 houses: 40% each
5 houses: 60% each… and so on.