Comment by sleepybrett

24 days ago

For a dumb american, what is a 'pub rate'?

A tax based on property value.

https://www.bbc.co.uk/news/articles/cgjwgzwe2eyo

  • I would love to know why it is unrealized gains is such a popular property tax strategy.

    • I’d love to know why people are happy with others making a fortune not through hard work, but through buying land and letting others hard work increase its value.

      1 reply →

    • Rates are based (at least in principle) on the rental value of the building, making the gain concept irrelevant. The rent would be the same.