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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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[-] LazyCanadian@lemmy.ca 4 points 1 year ago

Can't drive a car without a license, rules around usage of things you own are pretty standard.

[-] Torvum@lemmy.world 4 points 1 year ago

I can still buy a car and have it just sit there. The driving part is due to affliction of other people's well being. Me raising the money to buy a house and deciding I want it as a summer stay location, so I leave it sitting there while I'm somewhere else would have no harm on another's life.

[-] Honytawk@lemmy.zip 2 points 1 year ago

So lets turn it into the extreme.

Say you are so rich, you buy every house on the planet. Which you will use as your summer/autumn/winter/spring stay locations.

Would that still not harm on another's life?

[-] GreyEyedGhost@lemmy.ca 1 points 1 year ago

There are also rules for where, when, and how long you can have your car sit somewhere, including your own yard in some places.

this post was submitted on 24 Aug 2023
740 points (88.5% liked)

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