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The Effect of Taxation on Investment Demand in the Real Estate Market: The Italian Experience

Autor(en):



Medium: Fachartikel
Sprache(n): Englisch
Veröffentlicht in: Buildings, , n. 7, v. 10
Seite(n): 115
DOI: 10.3390/buildings10070115
Abstrakt:

This study investigates the effect that property taxation has on investment in the real estate market. There is a close relationship between investments in the real estate market and taxes, local communities, public policies and economic development. The analysis was developed with reference to the Italian real estate market and its tax regime. In Italy, taxation on real estate affects possession, transfers and income. These three tax rates vary according to the subjects who exchange assets and manage them, to the intended use of the real estate property and to the options for choosing the type of tax regime permitted by law. On the basis of these parameters, a financial analysis of real estate investment is constructed and simulated in order to understand to which types of taxation investment is most sensitive. The results showed that a change in income taxation can have an important effect on the investment choice. This evidence may also suggest fiscal policy actions aimed at stimulating the real estate market.

Copyright: © 2020 by the authors; licensee MDPI, Basel, Switzerland.
Lizenz:

Dieses Werk wurde unter der Creative-Commons-Lizenz Namensnennung 4.0 International (CC-BY 4.0) veröffentlicht und darf unter den Lizenzbedinungen vervielfältigt, verbreitet, öffentlich zugänglich gemacht, sowie abgewandelt und bearbeitet werden. Dabei muss der Urheber bzw. Rechteinhaber genannt und die Lizenzbedingungen eingehalten werden.

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  • Reference-ID
    10426342
  • Veröffentlicht am:
    13.07.2020
  • Geändert am:
    02.06.2021