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Landlords should have to pay income tax on their rental properties regardless of whether they're rented out or not. (gothamist.com)
submitted 1 year ago by Blaze@discuss.tchncs.de to c/personalfinance@lemmy.ml
418 comments fedilink hide all child comments

cross-posted from: https://lemmy.crimedad.work/post/12162

Why? Because apparently they need some more incentive to keep units occupied. Also, even though a property might be vacant, there's still imputed rental income there. Its owner is just receiving it in the form of enjoying the unit for himself instead of receiving an actual rent check from a tenant. That imputed rent ought to be taxed like any other income.

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[-] bouh@lemmy.world 1 points 1 year ago

That's called hostels or inns etc. Right now if places are empty it only means someone can't come because it's not for rent.

Keeping the place for repair is legitimate, but it's not what's done either. It's be easy to make an exception for repair.

[-] bluGill@kbin.social 1 points 1 year ago

hostels and inns serve a different niche - temporary housing is important, but they don't give nearly as much space. If you want to live someplace for a year or more then you want more space for your stuff (how much is personal)

this post was submitted on 24 Aug 2023
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