The effect of taxation on investment demand in the real estate market: The Italian experience

被引：0
作者：
Manganelli B. [1 ]
Morano P. [2 ]
Rosato P. [3 ]
De Paola P. [4 ]
机构：
[1] School of Engineering, University of Basilicata, Potenza
[2] Department of Civil Engineering Sciences and Architecture, Polytechnic University of Bari, Bari
[3] Department of Engineering and Architecture, University of Trieste, Trieste
[4] Department of Industrial Engineering, University of Naples Federico II, 80 V. Tecchio Square, Naples
来源：
De Paola, Pierfrancesco (pierfrancesco.depaola@unina.it) | 1600年 / Multidisciplinary Digital Publishing Institute (MDPI)卷 / 10期
关键词：
Buildings; Financial analysis; Investment; Property taxation; Real estate market;
D O I：
10.3390/BUILDINGS10070115
中图分类号：
学科分类号：
摘要：
This study investigates the eect 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 aects 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 eect on the investment choice. This evidence may also suggest fiscal policy actions aimed at stimulating the real estate market. © 2020 by the authors.
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