Besley, Timothy; Meads, Neil; Surico, Paolo - In: Journal of Public Economics 119 (2014) C, pp. 61-70
This paper exploits the 2008–09 stamp duty holiday in the United Kingdom to estimate the incidence of a transaction tax on housing. The average reduction in the after-tax sale price is found to be around £900 against the backdrop of an average tax reduction of about £1500. While we estimate...