Housing Taxation and the Economic Benefits of Homeownership |
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Authors: | Anthony O'Sullivan |
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Affiliation: | School of Social and Political Sciences , University of Glasgow , Glasgow , UK |
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Abstract: | This paper re-considers the arguments for reforming housing taxation in the UK on the basis of a review of evidence on the macro- and micro-economic effects of homeownership. The paper then examines the political economy of feasible tax reform. This currently involves a context of extreme fiscal pressure and a political system wedded to the housing tax status quo. The paper concludes by suggesting elements of a strategy to progress a much-needed debate on taxation that is consistent with but goes beyond arguments recently made by Shelter and the Joseph Rowntree Foundation Housing Market Task Force. |
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Keywords: | Homeownership taxation reform UK |
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