The taxation of Australian landlords: Would the British tax treatment of rental investments increase tax burdens if introduced in Australia?

Urban Studies

Volumn 40, Issue 4, 2003, Pages 747-765

  Wood, Gavin A ^a   Kemp, Peter A ^b  

^a MURDOCH UNIVERSITY   (Australia)

^b UNIVERSITY OF YORK   (United Kingdom)

Author keywords

[No Author keywords available]

Indexed keywords

INFLATION; INVESTMENT; RENTAL SECTOR; TAX SYSTEM;

AUSTRALIA;

EID: 0037993866     PISSN: 00420980     EISSN: None     Source Type: Journal    
DOI: 10.1080/0042098032000065281     Document Type: Article

References (60)

1. AUSTRALIAN BUREAU OF STATISTICS (1994) Investors in Rental Dwellings. ABS Catalogue No. 8711. O. Canberra: Australian Government Publishing Service.
2. AUSTRALIAN BUREAU OF STATISTICS (1995a) Australian Economic Indicators. Cat. No. 1350. June. Canberra: Commonwealth of Australia.
3. AUSTRALIAN BUREAU OF STATISTICS (1999) House Price Indexes: Eight Capital Cities. Canberra: Commonwealth of Australia.
4. AUSTRALIAN TAXATION OFFICE (1998) Rental Properties. Canberra: Australian Taxation Office.
5. AUSTRALIAN TAXATION OFFICE (2000a) Guide to Capital Gains Tax. Canberra: Australian Taxation Office.
6. AUSTRALIAN TAXATION OFFICE (2000b) Property: The New Tax System. Canberra: Australian Government Publishing Service.
7. BADCOCK, B. and BROWETT, M. (1991) The responsiveness of the private rental sector in Australia to changes in Commonwealth taxation policy, Housing Studies, 6(3), pp. 182-192.
8. BEER, A. (1999) Housing investment and the private rental sector in Australia, Urban Studies, 36, pp. 255-269.
9. BERRY, M. (2000) Investment in rental housing in Australia: small landlords and institutional investors, Housing Studies, 15, pp. 661-682.
10. BRAMLEY, G., SATSANGI, M. and PRYCE, G. (1999) The Supply Responsiveness of the Private Rented Sector: An International Comparison. London: Department of the Environment, Transport and the Regions.
11. BURMAN, L. E. and RICOY, P. D. (1997) Capital gains and the people who realise them, National Tax Journal, 3 September, pp. 427-451.
12. CLARK, T., GILES, C. and HALL, J. (1999) Does Council Tax Benefit Work? London: Institute for Fiscal Studies.
13. COMMONWEALTH GRANTS COMMISSION (1995) Report on General Revenue Grant Relativities: 1995 Update. Canberra: Australian Government Publishing Service.
14. COMMONWEALTH GRANTS COMMISSION (1998) Report on General Revenue Grant Relativities: 1998 Update. Canberra: Australian Government Publishing Service.
15. CROOK, A. D. H. (1998) The supply of private rented housing in Canada, Netherlands Journal of Housing and the Built Environment, 13, pp. 327-352.
16. CROOK, A. D. H. and KEMP, P. A. (1996) The revival of private rented housing in Britain, Housing Studies, 11, pp. 51-68.
17. CROOK, A. D. H., HUGHES, J. and KEMP, P. A. (1995) The Supply of Privately Rented Homes. York: Joseph Rowntree Foundation.
18. CROOK, A. D. H., HUGHES, J. and KEMP, P. A. (1998) Housing investment trusts and the returns from residential lettings, Journal of Property Research, 15, pp. 229-248.
19. CROOK, A. D. H., KEMP, P. A., BARNES, Y. and WARD, J. (2002) Investment Returns in the Private Rented Housing Sector. London: British Property Federation.
20. CULLINGWORTH, J. B. (1963) Housing in Transition. London: Heinemann.
21. DETR (DEPARTMENT OF THE ENVIRONMENT, TRANSPORT AND THE REGIONS) (2000) Quality and Choice: A Decent Home for All. The Housing Green Paper, London: DETR.
22. DTLR (DEPARTMENT OF THE ENVIRONMENT, TRANSPORT AND THE REGIONS) (2002) Housing in England 2000/1. London: The Stationery Office.
23. FISHER, J. D. and LENTZ, G. H. (1986) Tax reform and the value of real estate income property, AREUEA Journal, 14(2), pp. 287-315.
24. FREEMAN, A. J. M., HOLMANS, A. E. and WHITEHEAD, C. M. E. (1996) Is the UK Different? International Comparisons of Tenure Patterns. London: Council of Mortgage Lenders.
25. HAMNETT, C. and RANDOLPH, B. (1988) Cities, Housing and Profits. London: Hutchinson.
26. HARLOE, M. (1985) Private Rented Housing in the United States and Europe. London: Croom Helm.
27. HENDERSHOTT, P. H., FOLLAIN, J. R. and LING, D. C. (1987) Effects on real estate, in: J. A. PECHMAN (Ed.) Tax Reform and the US Economy, pp. 71-102. Washington, DC: Brookings Institution.
28. HOUSE OF COMMONS ENVIRONMENT COMMITTEE (1982) The Private Rented Housing Sector. Volume 1. Report. London: HMSO.
29. HUBERT, F. (1998) Private rented housing in Germany, Netherlands Journal of Housing and the Built Environment, 13, pp. 205-232.
30. INLAND REVENUE (1996) Taxation of Rents: A Guide to Property Income. Schedule A for Income Tax 1995-96. Practitioners Series IR 150. London: Inland Revenue.
31. INLAND REVENUE (1998) Capital Gains Tax. London: Inland Revenue.
32. KIEFER, D. M. (1978) The equity of alternative policies for the Australian homeowner, The Economic Record, April, pp. 127-139.
33. KIEFER, D. M. (1980) The Interaction of inflation and the U. S. income tax subsidies of homeownership. Economics Discussion Papers No. 11/80, La Trobe University.
34. LING, D. C. (1992) Real estate values: federal income taxation and the importance of local market conditions, AREUEA Journal, 20(1), pp. 122-139.
35. LIU, C. H., GRISSON, T. V. and HARTZELL, D. J. (1990) The impact of market imperfections on real estate returns and optimal investor portfolios, AREUEA Journal, 18(4), pp. 453-478.
36. MACLENNAN, M. (1988) Private rental housing: Britain viewed from abroad, in: P. A. KEMP (Ed.) The Private Provision of Rented Housing, pp. 147-174. Aldershot: Avebury.
37. MACNEVIN, A. S. (1997a) Tax effects on rental housing in Halifax, Nova Scotia, Canadian Tax Journal, 45(1), pp. 87-113.
38. MACNEVIN, A. S. (1997b) Marginal effective tax rates on Canadian rental housing investments: an asset pricing model approach, Public Finance Review, 25(3), pp. 306-326.
39. MALPEZZI, S. (1998) Private rental housing markets in the United States. Netherlands Journal of Housing and the Built Environment, 13, pp. 353-386.
40. MIESZKOWSKI, P. and ZODROW, G. R. (1989) Taxation and the Tiebout model, Journal of Economic Literature, 27(3), pp. 1098-1146.
41. MILNER-HOLLAND COMMITTEE (1965) Housing in Greater London. London: HMSO.
42. MIRON, J. (1994) Private rental housing: the Canadian experience, Discussion Paper No. 7, Centre for Housing Policy, University of York.
43. NEVITT, A. A. (1966) Housing, Taxation and Subsidies. London: Nelson.
44. RISSTROM, E. and MCDONALD, P. (1993) The Taxpayer's Guide 1993-94. Victoria: Wright Books.
45. TOMANN, H. (1990) The housing market, housing finance and housing policy in West Germany, Urban Studies, 27, pp. 919-930.
46. TOPHAM, N. (1983) Local government economics, in: R. MILLWARD et al. (Eds) Public Sector Economics, pp. 129-193. London: Longman.
47. WHITEHEAD, C. M. E. (1996) Private renting in the 1990s, Housing Studies, 11, pp. 7-12.
48. WOOD, G. A. (1990a) The tax treatment of housing: economics issues and reform measures, Urban Studies, 27, pp. 809-830.
49. WOOD, G. A. (1990b) Housing finance and subsidy systems in Australia, Urban Studies, 27, pp. 847-876.
50. WOOD, G. A. (1992) How do Australian state and local governments tax residential housing?, Australian Tax Forum, 9(4), pp 441-472.
51. WOOD, G. A. (1996) The contribution of selling costs and local and state government taxes to home buyers' user cost of capital, Australian Economic Papers, 35(66), pp. 60-73.
52. WOOD, G. A. (1997) Book Review of A. J. M. FREEMAN, A. E. HOLMANS and C. M. E. WHITEHEAD (1996) Is the UK Different? International Comparisons of Tenure Patterns, Netherlands Journal of Housing and the Built Environment, 12(3), pp. 335-338.
53. WOOD, G. A. (2000) Effective capital gains tax burdens under alternative tax rules: microsimulation results for real estate investments. School of Economics Working Paper Series No. 178, Murdoch University (http://wwwtlc1.murdoch.edu.au/teach/econs/wps/wpslist.html#online).
54. WOOD, G. A. and TU, Y. (2001) Are there rent clientèle groups in rental housing? Paper presented at the 10th Annual International Real Estate Conference (AREUEA), May, Cancun, Mexico.
55. WOOD, G. A., and WATSON, R. (1999) The user cost of capital, taxation and the marginal supply of private rental housing: evidence from microdata. School of Economics Working Paper Series No. 176, Murdoch University (http:// wwwtlcl.murdoch.edu.au/teach/econs/wps/wpslist.html#Online).
56. WOOD, G. A. and WATSON, R. (2001) Marginal suppliers: taxation and rental housing: evidence from microdata, Journal of Housing Research, 12(1), pp. 91-114.
57. WOOD, G. A., WATSON, R. and FLATAU, P. (2001) Tax preferences, effective marginal tax rates and the incentive to invest in residential rental housing. School of Economics Working Paper Series No. 185, Murdoch University (http:// wwwtlcl.murdoch.edu.au/teach/econs/wps/wpslist.html#Online).
58. YATES, J. (1996) Towards a reassessment of the private rental market, Housing Studies, 11, pp. 35-50.
59. YATES, J. and WOOD, G. A. (1997) Rental yields as indicators of market inefficiency. Working Paper No. 97-02, The University of Sydney.
60. YATES, J. and WULFF, M. (2000) Whither low cost private rental housing?, Urban Policy and Research, 18(1), pp. 45-64.