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Cake day: October 2nd, 2023

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  • Another way you could handle that is that any property you own after your 1st or 2nd, automatically attracts commercial property tax rates.

    That should not disallow private individual to rent a spare room, or holiday home, but it will kill off the investment businesses that specialise running airbnb syndicates.

    Additionally, if a property has not had a full time occupant for at least 9 of the 12 months in a year, it is subject to a wealth tax based on its value.

    That should deal with the investment firms that just sit on massive stocks of empty homes and business properties, feeding off the increasing prices they are creating themselves, while adding no value and offering no service.