| Autor: |
Benedetto Manganelli, Pierluigi Morano, Paolo Rosato, Pierfrancesco De Paola |
| Jazyk: |
angličtina |
| Rok vydání: |
2020 |
| Předmět: |
|
| Zdroj: |
Buildings, Vol 10, Iss 7, p 115 (2020) |
| Druh dokumentu: |
article |
| ISSN: |
2075-5309 |
| DOI: |
10.3390/buildings10070115 |
| Popis: |
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. |
| Databáze: |
Directory of Open Access Journals |
| Externí odkaz: |
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