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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

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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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[–] flipht@kbin.social 8 points 1 year ago (1 children)

Landlords would still probably factor it in, so I think assuming a base vacancy rate of 1-2 months months per year would be wise. That way, there is time for normal maintenance between tenants, and if it adds up over a few years they'd have time for major repair after a long time tenant leaves, but it would still incentize not leaving the house vacant unless absolutely necessary.

[–] fresh@sh.itjust.works 3 points 1 year ago

Most vacancy taxes around the world only kick in after a period of vacancy, say 6 months.