I think investors have influence with governments.
They are probably trying to get land purchase principal as a tax deduction and pick up the revenue as a capital gains tax when sold. If land values go down use it as a loss. Win win for the investor if happens because he makes a return as he owns the land.
So buy land write it off, make money during ownership, sell at gain pay some tax, sell at a loss write it off.
They are probably trying to get land purchase principal as a tax deduction and pick up the revenue as a capital gains tax when sold. If land values go down use it as a loss. Win win for the investor if happens because he makes a return as he owns the land.
So buy land write it off, make money during ownership, sell at gain pay some tax, sell at a loss write it off.
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