| ▲ | simonh 5 hours ago | |
I'm in the UK. Simply owning land does not incur taxes here, we don't have land value taxes. You pay capital gains tax on profits selling land. There are annual taxes on buildings such as council taxes on houses, specifically to pay for municipal services, but not generally on land. If I make goods I'm not taxed for owning them, only if I earn income from the sale or use of those goods. | ||
| ▲ | closewith 5 hours ago | parent [-] | |
There are some analogues of a land tax in the UK. Council tax for residential property, rates for businesses, and the upcoming mansion tax. | ||