Tax expenditures and housing

24 September 2009The biggest beneficiaries of tax concessions on owner-occupied residences are the wealthiest in the community, according to this report.

The report finds that the tax system provides indirect assistance to owner-occupiers worth about $45 billion annually. Most of this ($30 billion) is due to the exemption of owner-occupied homes from capital gains tax. Individual property investors benefit from $5.4 billion in tax concessions each year, mainly due to the 50% tax discount on capital gains and to negative gearing.

Publication typeReport
Publisher TypeAcademic research centre, APO Member, Non government organisation
CoverageAustralia
Permanent URLhttp://apo.org.au/node/19041
Views1551

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