Land tax in Australia : fiscal reform of sub-national government / Vincent Mangioni.

Format:

Book

Author/Creator:

Mangioni, Vince, author.

Contributor:

Australian Property Institute.

Language:

English

Subjects (All):

Land value taxation--Law and legislation--Australia.

Land value taxation.

Real property tax--Law and legislation--Australia.

Real property tax.

Real property and taxation--Australia.

Real property and taxation.

Physical Description:

1 online resource (394 p.)

Edition:

1st ed.

Place of Publication:

London ; New York : Routledge, 2016.

Language Note:

English

Summary:

Land Tax in Australia demonstrates how land tax operates and is administered across State and local governments in Australia. International expert Vincent Mangioni reviews the current status and emerging trends in these taxes in Australia and compares them with the UK, USA, Canada, Denmark and New Zealand. Using substantial original research, the author sets out what Australia must do through practice and policy to reform and bring this tax into the 21st Century. The need for fiscal reform and strengthening the finances of Australia's sub-national government is long overdue. These reforms aim to minimise the taxpayer revolts encountered in previous attempts at land tax reform, while improving tax effort in line with other advanced OECD countries. This book provides an essential resource for all property professionals working in development, valuation, law, investment, as well as accountants, tax economists and government administrators. It is highly recommended for students on property, taxation, legal and social science courses.

Contents:

Cover; Title; Copyright; Contents; List of tables; List of figures; Acknowledgements; About the author; Overview; Book structure; Terms and acronyms; Part 1 Status quo and the evolving challenge; 1 Advance Australia fair; Introduction; Structure of government and evolution of Australia's tax system; Inquiries into tax reform and government expenditure; Tax reforms of the late 20th and early 21st centuries; Taxation design and economic reform; Summary; 2 Evolution economics and status quo of taxing land; Introduction; Economics of taxing land and the urban challenge

Land tax: from settlement to the present in AustraliaLand tax revenue trends and principles of good tax design; Summary; Part 2 Land tax assessment and administration in Australia; 3 Definitions and bases of value; Definitions of value; Bases of value; Australian bases of value; Summary; 4 Valuation of land and assessment of land tax; Introduction; Research method and rationale; Research method - simulations; Residential simulation; Retail simulation; Residential/retail comparison; Summary; 5 Principal place of residence; Introduction; Data matching or reform; The need for fiscal reform

New South Wales - defining the principal place of residenceQueensland - defining the principal place of residence; Victoria - defining the principal place of residence; South Australia - defining the principal place of residence; Tasmania - defining the principal place of residence; Western Australia - defining the principal place of residence; 6 Business use, investment and development land; Introduction; New South Wales (NSW); Queensland; Victoria; South Australia; Tasmania; Western Australia; Northern Territory; Australian Capital Territory; 7 Objections, appeals and enforcement

IntroductionNew South Wales land values - objections and appeals; Victoria; Queensland; South Australia; Tasmania; Western Australia; Northern Territory; Australian Capital Territory (ACT); Summary; Part 3 Recurrent land taxation - international case studies; 8 United States and Canada; Overview; United States; Summary; Canada; 9 United Kingdom - England and Ireland; Overview; England; Ireland; Summary; 10 Denmark; Reform of sub-national government; An evolving finance path and equalisation system; Role of land and property taxation; Current land and property taxation

Operation of land and property value tax 2001/02 to 2014Tax freeze for property value tax; Ceiling on buying and selling property; Limiting property value tax rises from year to year; Strengths of the land and property tax system; Challenges of the land and property tax system; Options for reform in 2015/16 and beyond; Summary; 11 New Zealand; Overview; New Zealand's tax system and tax mix; Local government; Land and property taxation; Bases of value; Objections to valuations; Summary; Part 4 Reforming land value taxation and fiscal reform of sub-national government in Australia

12 Reforming recurrent land tax under the status quo

Notes:

"Supported by API, the Australian Property Institute, leading the property professions"--t.p.

Includes bibliographical references and index.

Description based on print version record.

ISBN:

1-317-56768-4

1-315-73666-7

1-317-56767-6

9781315736662

OCLC:

958096049