I’m sure they’ll dust off the old “imputed rental income” idea, too.
“I’m sure they’ll dust off the old “imputed rental income” idea, too.”
Had never heard of that concept... Economists can be as slimy as lawyers when it comes to inventing concepts for separating money from the owner.
https://en.m.wikipedia.org/wiki/Imputed_rent
From your link:
The Government loses the opportunity to tax the transaction.
Some Governments have attempted to tax imputed rents but it tends to be unpopular.
I bet... They try that here and that will put us in 1775 territory.
“The government loses the opportunity to tax the transaction. Sometimes, governments have attempted to tax the imputed rent (Schedule A of United Kingdom’s income tax used to do that), but it tends to be unpopular.[citation needed] Some countries still tax the imputed rent, such as Belgium, Iceland, Luxembourg, the Netherlands, Slovenia, Spain and Switzerland.[1] The absence of taxes on imputed rents is also referred to as Home-Ownership Bias.”