Economics

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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 2 years ago by CrimeDad@lemmy.crimedad.work to c/economics@lemmy.ml

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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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[–] CrimeDad@lemmy.crimedad.work 2 points 2 years ago

...why would anyone even take it for free...?

So they could live in it. Why does it have to be a money sink for the new owners if they get it for a good price (or even for free)?