The Distribution of Housing Tax-expenditures and Subsidies in an Urban Area

Bruce Walker and Alex Marsh
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Bruce Walker: Institute for Local Government Studies, University of Birmingham, Edgbaston, Birmingham B15, 2TT UK
Alex Marsh: Centre for Urban and Regional Studies, University of Birmingham, UK

Urban Studies, 1993, vol. 30, issue 9, 1543-1559

Abstract: This paper examines the distribution of housing tax-expenditures and subsidies among households in the owner-occupied and public-rented sectors in the Birmingham area, UK. Subsidies to tenants are defined as the difference between market rents and the rents actually set. Tax-expenditures to owner-occupiers are defined as the absence of tax on imputed rental income and capital gains. The results presented indicate that tax-expenditures tend to be more regressively distributed than subsidies to tenants arising from non-market pricing. The benefits from the latter are more dependent on a household's location and property type than on income. The paper concludes that efficiency and equity objectives are not met by the current housing finance system.

Date: 1993
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Persistent link: https://EconPapers.repec.org/RePEc:sae:urbstu:v:30:y:1993:i:9:p:1543-1559

DOI: 10.1080/00420989320081491

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