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.
|Number of pages||13|
|Journal||Urban Policy and Research|
|Publication status||Published - 30 Jan 2023|