Gaspar Vega | Former Minister of Lands

Perhaps, Belize needs to examine more closely innovative ways to try and arrest big land hustles.

As land speculation continues unabated, the institution of a capital gains tax can slow the land hustle problem.

Say you flip a property within two years of purchasing it and made over $100K in gains an automatic 30% tax on all gains over $100k kicks in.

Capital Gain is an increase in the value of a capital asset (investment or real estate) that gives it a higher worth than the purchase price.

If you flip it in five years or less then its an automatic 20% off the top.

#landscandals #landdistribution