I'm wondering - does a luxury tax work in your country? In Ukraine, for several years in a row, there have been debates on the topic - is an apartment larger than sixty square meters a luxury for its owner? For example, if you have an apartment of 100 sq. meters - so you have extra space, for which you have to pay a tax to the state - a tax on luxury)) Just wondering - how can you understand whether this area of ​​an apartment of 60 square meters is the norm for every citizen of Ukraine? Or is it just another restriction of ordinary citizens in the living space? Considering that not all people here in Ukraine can pay such a tax on additional living space.
It seems to me that in the first place - this tax pushes single elderly people to sell their apartments in which the family lived in the past - this person and his spouse and his children. Then the children grew up and left, the husband may have died. And in the end, a lonely elderly person is forced to sell his apartment in which he (she) lived most of his life.
I think that this is a terrible situation that morally destroys many owners of old apartments in old houses - but now these are not old houses in need of repair - this is a luxury)))))) according to government officials who, by the way, live in palaces and cost nothing for them to pay tax on excess living space)
I just want to know - how is the issue of luxury taxes resolved in your country??
It seems to me that this is an important topic for many countries of the world. I want to know - if I buy a private house in your country - will I pay luxury tax? how many square meters of living space is tax exempt in your country?