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An Analysis of the Distributional Impact of Imputed Rent Taxation

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  • JUDITH YATES

Abstract

This paper examines the short‐run distributional implications of withdrawing the implicit subsidies which accrue to owner‐occupiers through the non‐taxation of their imputed income. It is argued that the distributional implications of taxing imputed income from owner‐occupied housing depend on the interaction of house value, equity and income over the life cycle of the owner‐occupier and that a failure to take all of these factors into account could result in a policy of imputed income taxation having unintended distributional effects within the owner‐occupied sector. The revenue gained from the introduction of such a policy, however, would be more than adequate to offset these effects.

Suggested Citation

  • Judith Yates, 1982. "An Analysis of the Distributional Impact of Imputed Rent Taxation," The Economic Record, The Economic Society of Australia, vol. 58(2), pages 177-189, June.
    • Handle: RePEc:bla:ecorec:v:58:y:1982:i:2:p:177-189
    DOI: 10.1111/j.1475-4932.1982.tb00364.x
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    References listed on IDEAS

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    1. B. F. Reece, 1975. "The Income Tax Incentive to Owner‐occupied Housing in Australia," The Economic Record, The Economic Society of Australia, vol. 51(2), pages 218-231, June.
    2. Reece, B F, 1975. "The Income Tax Incentive to Owner-Occupied Housing in Australia," The Economic Record, The Economic Society of Australia, vol. 51(134), pages 218-231, June.
    3. D. M. Kiefer, 1978. "The Equity of Alternative Policies for the Australian Homeowner," The Economic Record, The Economic Society of Australia, vol. 54(1), pages 127-139, April.
    4. Kiefer, D M, 1978. "The Equity of Alternative Policies for the Australian Homeowner," The Economic Record, The Economic Society of Australia, vol. 54(145), pages 127-139, April.
    5. Aaron, Henry, 1970. "Income Taxes and Housing," American Economic Review, American Economic Association, vol. 60(5), pages 789-806, December.
    6. Litzenberger, Robert H & Sosin, Howard B, 1978. "Taxation and the Incidence of Homeownership across Income Groups," Journal of Finance, American Finance Association, vol. 33(3), pages 947-961, June.
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    Cited by:

    1. Susan J. Smith, 1990. "Income, Housing Wealth and Gender Inequality," Urban Studies, Urban Studies Journal Limited, vol. 27(1), pages 67-88, February.
    2. Michael Barrow & Ray Robinson, 1986. "Housing and Tax Capitalisation," Urban Studies, Urban Studies Journal Limited, vol. 23(1), pages 61-66, February.
    3. Figari, Francesco & Paulus, Alari & Sutherland, Holly & Tsakloglou, Panos & Verbist, Gerlinde & Zantomio, Francesca, 2012. "Taxing Home Ownership: Distributional Effects of Including Net Imputed Rent in Taxable Income," IZA Discussion Papers 6493, Institute of Labor Economics (IZA).

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