Changing Housing Taxation Composition: a Review of Policy in the Australian Capital Territory

Yogi Vidyattama; Jinjing Li; Robert Tanton; Hai Anh La

doi:10.1080/08111146.2023.2167818

Changing Housing Taxation Composition: a Review of Policy in the Australian Capital Territory

Yogi Vidyattama, Jinjing Li, Robert Tanton, Hai Anh La

Research output: Contribution to journal › Article › peer-review

1 Citation (Scopus)

76 Downloads (Pure)

Abstract

A tax reform introduced by the Australian Capital Territory (ACT)Government in 2012 aimed to ease the barrier of owning a home byreplacing stamp duty with a broad-based general rates and land tax.This article assesses on the impact of this reform on the ability of low-income families to buy a house using a microsimulation model. Theresults show that tax reform has increased property turnover andreduced the amounts paid for stamp duty and rates for most groups ofvulnerable families in the ACT. However, extreme increases in houseprices may offset this gain for vulnerable families.

Original language	English
Pages (from-to)	182-194
Number of pages	13
Journal	Urban Policy and Research
Volume	41
Issue number	2
DOIs	https://doi.org/10.1080/08111146.2023.2167818
Publication status	Published - 30 Jan 2023

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

Access to Document

10.1080/08111146.2023.2167818Licence: CC BY-NC-ND

ArticleFinal published version, 1.65 MBLicence: CC BY-NC-ND

Cite this

@article{5ce57a12dc534b28883f33b12bce3f42,

title = "Changing Housing Taxation Composition: a Review of Policy in the Australian Capital Territory",

abstract = "A tax reform introduced by the Australian Capital Territory (ACT)Government in 2012 aimed to ease the barrier of owning a home byreplacing stamp duty with a broad-based general rates and land tax.This article assesses on the impact of this reform on the ability of low-income families to buy a house using a microsimulation model. Theresults show that tax reform has increased property turnover andreduced the amounts paid for stamp duty and rates for most groups ofvulnerable families in the ACT. However, extreme increases in houseprices may offset this gain for vulnerable families.",

keywords = "general rates, home ownership, housing, land tax, stamp duty, Tax reform",

author = "Yogi Vidyattama and Jinjing Li and Robert Tanton and La, {Hai Anh}",

note = "Publisher Copyright: {\textcopyright} 2023 The Author(s). Published by Informa UK Limited, trading as Taylor & Francis Group.",

year = "2023",

month = jan,

day = "30",

doi = "10.1080/08111146.2023.2167818",

language = "English",

volume = "41",

pages = "182--194",

journal = "Urban Policy and Research",

issn = "0811-1146",

publisher = "Routledge",

number = "2",

}

TY - JOUR

T1 - Changing Housing Taxation Composition

T2 - a Review of Policy in the Australian Capital Territory

AU - Vidyattama, Yogi

AU - Li, Jinjing

AU - Tanton, Robert

AU - La, Hai Anh

PY - 2023/1/30

Y1 - 2023/1/30

N2 - A tax reform introduced by the Australian Capital Territory (ACT)Government in 2012 aimed to ease the barrier of owning a home byreplacing stamp duty with a broad-based general rates and land tax.This article assesses on the impact of this reform on the ability of low-income families to buy a house using a microsimulation model. Theresults show that tax reform has increased property turnover andreduced the amounts paid for stamp duty and rates for most groups ofvulnerable families in the ACT. However, extreme increases in houseprices may offset this gain for vulnerable families.

AB - A tax reform introduced by the Australian Capital Territory (ACT)Government in 2012 aimed to ease the barrier of owning a home byreplacing stamp duty with a broad-based general rates and land tax.This article assesses on the impact of this reform on the ability of low-income families to buy a house using a microsimulation model. Theresults show that tax reform has increased property turnover andreduced the amounts paid for stamp duty and rates for most groups ofvulnerable families in the ACT. However, extreme increases in houseprices may offset this gain for vulnerable families.

KW - general rates

KW - home ownership

KW - housing

KW - land tax

KW - stamp duty

KW - Tax reform

UR - http://www.scopus.com/inward/record.url?scp=85147383377&partnerID=8YFLogxK

U2 - 10.1080/08111146.2023.2167818

DO - 10.1080/08111146.2023.2167818

M3 - Article

SN - 0811-1146

VL - 41

SP - 182

EP - 194

JO - Urban Policy and Research

JF - Urban Policy and Research

IS - 2

ER -

Changing Housing Taxation Composition: a Review of Policy in the Australian Capital Territory

Abstract

UN SDGs

Access to Document

Other files and links

Fingerprint

Cite this