The Real Impact of Residential Property Stamp Duties
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香港中文大學研究人員

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摘要In a number of markets with high house prices, governments have implemented various forms of stamp duty. Stamp duty is a tax on the transfer of assets, including residential property. Policy-makers claim that stamp duty increases are an instrument through which they intend to decrease property demand, and ultimately ease housing costs. However, empirical evidence suggests that such taxes are ineffective in achieving this objective. Besides, the stamp duty rates imposed to the foreign buyers as a short-term measure are in vain. Our paper aims to examine the impact on various stamp duties on the residential property prices. Our results show that the various forms of stamp duty levied as short-term measures are ineffective. While tax policy may not directly ease housing costs, through redistribution of wealth government may still use tax policy to alleviate the affordability problem.
出版社接受日期17.03.2017
著者Ervi Liusman, Danika Wright
會議名稱ERES 2017: 24th Annual Conference of the European Real Estate Society
會議開始日28.06.2017
會議完結日01.07.2017
會議地點Delft
會議國家/地區荷蘭
出版年份2017
語言美式英語
關鍵詞residential properties, stamp duty, housing price, government revenue, taxation policy

上次更新時間 2018-26-04 於 16:19