Capital Gains Taxation and House Price Fluctuations

Clemens Fuest, Bernd Huber (Forlag), Søren Bo Nielsen

Publikation: Working paperForskning

3 Downloads (Pure)

Resumé

Recent years have seen large swings in house prices in many countries. Motivated by housing price variations, proposals for taxing capital gains on housing have repeatedly been put forth. The idea seems to be that such taxes would curb the redistribution occurring between those owning houses and those trying to get into the market for owner-occupied housing. Our paper shows that at least in simple settings, a tax on real capital gains on housing will only lead to even bigger price swings and will not be able to redistribute between people appearing on either side of the housing market.Keywords: capital gains tax, housing market, price fluctuationsJEL-Classification: H23, H24, R 31.Addresses:
OriginalsprogEngelsk
Udgivelses stedKøbenhavn
Antal sider29
ISBN (Elektronisk)x65645502x
StatusUdgivet - 2004

Emneord

  • Lejeboliger
  • Ejerboliger
  • Værdistigningsafgift
  • Danmark
  • Ejendomsmarked
  • Ejendomspriser
  • huspriser

Citer dette

Fuest, C., Huber, B., & Nielsen, S. B. (2004). Capital Gains Taxation and House Price Fluctuations. København.
Fuest, Clemens ; Huber, Bernd ; Nielsen, Søren Bo. / Capital Gains Taxation and House Price Fluctuations. København, 2004.
@techreport{df1feee0c02011db9769000ea68e967b,
title = "Capital Gains Taxation and House Price Fluctuations",
abstract = "Recent years have seen large swings in house prices in many countries. Motivated by housing price variations, proposals for taxing capital gains on housing have repeatedly been put forth. The idea seems to be that such taxes would curb the redistribution occurring between those owning houses and those trying to get into the market for owner-occupied housing. Our paper shows that at least in simple settings, a tax on real capital gains on housing will only lead to even bigger price swings and will not be able to redistribute between people appearing on either side of the housing market.Keywords: capital gains tax, housing market, price fluctuationsJEL-Classification: H23, H24, R 31.Addresses:",
keywords = "Lejeboliger, Ejerboliger, V{\ae}rdistigningsafgift, Danmark, Ejendomsmarked, Ejendomspriser, huspriser",
author = "Clemens Fuest and Bernd Huber and Nielsen, {S{\o}ren Bo}",
year = "2004",
language = "English",
type = "WorkingPaper",

}

Fuest, C, Huber, B & Nielsen, SB 2004 'Capital Gains Taxation and House Price Fluctuations' København.

Capital Gains Taxation and House Price Fluctuations. / Fuest, Clemens; Huber, Bernd (Forlag); Nielsen, Søren Bo.

København, 2004.

Publikation: Working paperForskning

TY - UNPB

T1 - Capital Gains Taxation and House Price Fluctuations

AU - Fuest, Clemens

AU - Nielsen, Søren Bo

A2 - Huber, Bernd

PY - 2004

Y1 - 2004

N2 - Recent years have seen large swings in house prices in many countries. Motivated by housing price variations, proposals for taxing capital gains on housing have repeatedly been put forth. The idea seems to be that such taxes would curb the redistribution occurring between those owning houses and those trying to get into the market for owner-occupied housing. Our paper shows that at least in simple settings, a tax on real capital gains on housing will only lead to even bigger price swings and will not be able to redistribute between people appearing on either side of the housing market.Keywords: capital gains tax, housing market, price fluctuationsJEL-Classification: H23, H24, R 31.Addresses:

AB - Recent years have seen large swings in house prices in many countries. Motivated by housing price variations, proposals for taxing capital gains on housing have repeatedly been put forth. The idea seems to be that such taxes would curb the redistribution occurring between those owning houses and those trying to get into the market for owner-occupied housing. Our paper shows that at least in simple settings, a tax on real capital gains on housing will only lead to even bigger price swings and will not be able to redistribute between people appearing on either side of the housing market.Keywords: capital gains tax, housing market, price fluctuationsJEL-Classification: H23, H24, R 31.Addresses:

KW - Lejeboliger

KW - Ejerboliger

KW - Værdistigningsafgift

KW - Danmark

KW - Ejendomsmarked

KW - Ejendomspriser

KW - huspriser

M3 - Working paper

BT - Capital Gains Taxation and House Price Fluctuations

CY - København

ER -

Fuest C, Huber B, Nielsen SB. Capital Gains Taxation and House Price Fluctuations. København. 2004.