Owner occupied housing and revenues cost of the mortgage interest. The Czech case.

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F12%3A00074766" target="_blank" >RIV/00216224:14560/12:00074766 - isvavai.cz</a>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Owner occupied housing and revenues cost of the mortgage interest. The Czech case.

Popis výsledku v původním jazyce

This paper focuses on the mortgage interest deduction for owner occupied housing in the Czech Republic. The main research question concerns the distribution of personal income tax liability given the rather generous interest deduction for owner occupiedhousing loans and changes to it when restrictions are placed on the interest deduction in 2014. We used data for the Czech Republic from the EU-SILC surveys for our analysis. We estimated the value of this tax expenditure at approximately CZK 5 billion in 2009, with almost half the amount spent by the lowest two deciles in income distribution. Personal income tax reform is slated to begin in 2014, one part of which will be a cap on loan interest. This reform would lead to a decrease in the yearly valueof the tax expenditure but will be followed by an increase in the PIT rate. Taken together, this will generate greater tax expenditures.

Název v anglickém jazyce

Owner occupied housing and revenues cost of the mortgage interest. The Czech case.

Popis výsledku anglicky

This paper focuses on the mortgage interest deduction for owner occupied housing in the Czech Republic. The main research question concerns the distribution of personal income tax liability given the rather generous interest deduction for owner occupiedhousing loans and changes to it when restrictions are placed on the interest deduction in 2014. We used data for the Czech Republic from the EU-SILC surveys for our analysis. We estimated the value of this tax expenditure at approximately CZK 5 billion in 2009, with almost half the amount spent by the lowest two deciles in income distribution. Personal income tax reform is slated to begin in 2014, one part of which will be a cap on loan interest. This reform would lead to a decrease in the yearly valueof the tax expenditure but will be followed by an increase in the PIT rate. Taken together, this will generate greater tax expenditures.

Druh

D - Stať ve sborníku

CEP obor

AE - Řízení, správa a administrativa

OECD FORD obor

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Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2012

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

In Proceedings of the 17th International conference. New role of public finance 2012.

ISBN

9788074780127

ISSN

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e-ISSN

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Počet stran výsledku

11

Strana od-do

111-121

Název nakladatele

Wolters Kluver

Místo vydání

Praha

Místo konání akce

Praha

Datum konání akce

1. 1. 2012

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

000329534700011