FAQ About Location Value Covenants

one year ago | robinsmith

How could we avoid the highly taxed and also tenants joining the scheme leaving the government with a depleted revenue from both rents and income tax?

You mean those who are both high earners(cash rich) and tenants (asset poor) depleting the tax base. Well they’re paying all of their dues in the benefits they receive, in rent, from the location they live on already. And high taxes. How would the tax base suffer from that? Also a tenant always has a lord who would have the option of paying income tax on the rent or adopting an LVC.