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.
Part I: Status Quo and the Emerging Challenge, 1: Advance Australia Fair, 2: Evolution Economics and Status Quo of Taxing Land, Part II: Land Tax Assessment and Administration in Australia, 3: Definitions and Bases of Value, 4: Valuation of Land and Assessment of Land Tax, 5: Principle Place of Residence, 6: Business Use, Investment and Development Land, 7: Objections Appeals and Enforcement, Part III: Recurrent Land Tax – International Case Studies, 8: United States and Canada, 9: United Kingdom – England and Ireland, 10: Denmark, 11 New Zealand, Part IV: Reforming Land Value Taxation and Fiscal Reform of Subnational Government in Australia, 12: Reforming Land Tax Under the Status Quo, 13: Realigning Australia’s Tax System: Blue Sky Reform