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Housing Taxation and the Economic Benefits of Homeownership

Anthony O'Sullivan and Kenneth Gibb

Housing Studies, 2012, vol. 27, issue 2, 267-279

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.

Date: 2012
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DOI: 10.1080/02673037.2012.649470

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Housing Studies is currently edited by Chris Leishman, Moira Munro, Ray Forrest, Alex Schwartz, Hal Pawson and John Flint

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