Owner occupied dwelling and income taxes

Transcription

1 Owner occupied dwelling and income taxes A Synopsis ofeight European countries Anne M.A. Bijvoet Eburon Delft 2001

2 Tableof Contents Why this study? 1 Section I Description of the Netherlands 3 1 Development ofdutch society History of fiscal law in the Netherlands Tax laws concerning owner occupied dwellings 5 2 Dutch income tax laws The first Dutch income tax law The Wet op de Inkomstenbelasting The owner occupied dwelling The concept of income in the income tax law The second Dutch income tax law The Besluit op de Inkomstenbelasting The owner occupied dwelling The third Dutch income tax law History of the Wet op de inkomstenbelasting The concept of income in the Wet IB The structure of the Wet IB The owner occupied dwelling The fourth Dutch income tax law The Wet op de inkomstenbelasting The owner occupied dwelling Other tax laws with regard to the owner occupied dwellings 23 3 Housing policy 24 4 Mortgage market 27 5 Rental housing Section II Description ofseven other European countries 33 1 Tax Systems in seven other European countries 33 2 Belgium The Belgian Tax System The Belgian income tax System Living conditions, owner occupied dwellings and taxes

3 VIII The mortgage market in Belgium Germany The German Tax System The German income tax System The mortgage market in Germany France The French Tax System The French income tax System The mortgage market in France The United Kingdom TheBritish Tax System The British income tax system The mortage market in the United Kingdom Italy The Italian Tax System

4 The Italian income tax system Treatment of the owner occupied dwellling in the income tax The mortgage market in Italy Sweden The Swedish Tax System The Swedish income tax System The mortgage market in Sweden Switzerland The Swiss Tax System The Swiss income tax System The mortgage market in Switzerland Section III 1 l.l Theories, Systems and policies Income tax principles The theoretical basis for income taxation Theory of income The ability-to-pay-principle Tax incentives Comparative analysis of the income tax Systems in eight countries Comparative analysis of the taxation of owner occupied dwellings Rental income Deduction of mortgage interest and other costs IX

5 1.3.3 Countries The Netherlands The United Kingdom France Germany Sweden Switzerland Italy Belgium Conclusions EU-influence Taxation policies Housing policies Conclusions 169 Section IV Comparison, conclusions and recommendations Comparison Taxing rental income Deduction of mortgage interest Other deductions Quantitative comparison of cases Conclusions Recommendation for a tax regime for owner occupied dwellings in the Netherlands 193 Samenvatting 197 Listoftables 211 Appendix A 212 Appendix B 214 Appendix C 220 List of abbreviations 221 Bibliography 222 Curriculum vitae 229