Stamp Duty Reform and Home Ownership*

IF 1.1 4区经济学 Q3 ECONOMICS

Economic Record Pub Date : 2023-07-26 DOI:10.1111/1475-4932.12754

Michael Warlters

引用次数: 0

Abstract

The NSW Government's 2020 proposal to replace stamp duty on all properties with an annual tax based on unimproved land values is estimated to increase home ownership by 6.6%, through changes in purchaser holding periods, a shift of tax burden from investors to owner-occupiers and a relaxed deposit constraint. The model of home ownership highlights the importance of purchasers' holding periods, with implications for the effects of tax reforms, institutional ownership of rental properties and population growth. The paper provides an easily calibrated model of home purchases that could be used to quantify home ownership effects of various tax reforms.

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印花税改革与居者有其屋*

新南威尔士州政府2020年提出的以未改善土地价值为基础的年度税取代所有房产的印花税的建议，估计将通过改变买家持有期限、将税收负担从投资者转移到自住业主以及放宽存款限制，使房屋所有权增加6.6%。房屋所有权模型强调了购买者持有期限的重要性，这对税收改革、出租房产的机构所有权和人口增长的影响都有影响。本文提供了一个易于校准的房屋购买模型，可用于量化各种税收改革对房屋所有权的影响。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Economic Record ECONOMICS-

CiteScore

1.90

自引率

16.70%

发文量

期刊介绍： Published on behalf of the Economic Society of Australia, the Economic Record is intended to act as a vehicle for the communication of advances in knowledge and understanding in economics. It publishes papers in the theoretical, applied and policy areas of economics and provides a forum for research on the Australian economy. It also publishes surveys in economics and book reviews to facilitate the dissemination of knowledge.