Main home and a holiday home/cabin or similar. Seems perfectly reasonable to me.
Comment on [deleted]
strawberry@kbin.run 8 months agoI mean I'd say more than 2 but ok
Madrigal@lemmy.world 8 months ago
PunnyName@lemmy.world 8 months ago
I’m thinking like apartment complexes and stuff. They should have to either be smaller to accommodate the limit, or split up across owners.
Agent641@lemmy.world 8 months ago
Federal tax the primary residence property at 0% of council rates, fed tax the 2nd at 200% council rates, the 3rd at 300%, etc.
Council rates are managed by local government authority and are driven by property value.
Order the properties by primary residence first, then lowest value to highest.
When folks start paying an extra 7-8k a year for their 4th property, 10k for their 5th, it might stop being worth it.