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

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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

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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.",

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

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