KAB Gyau
A review of the provision on capital improvement in Ghana’s local real estate tax manifesto
Gyau, KAB; Hammond, F
Authors
F Hammond
Abstract
Although a potential to improve revenue mobilisation of local authorities, it is claimed Ghana’s local real estate tax provision on capital improvement is a penalty on land development. This work evaluates the claim in the context of equity and economic efficiency. Findings from the work support the claim. Compared with undeveloped lands particularly in cities, the tax is discriminatory to capital improvements, which situation could incentivise investment in undeveloped lands and be a potential cause for a lot of undeveloped lands, uncompleted and leap-frog developments in cities. It is also not neutral and diminishes the return on capital and the capacity of landlords to keep their buildings in constant repair thereby discouraging capital improvement on land. Coupled with factors like the current poor tax collection, this could affect the revenue mobilisation and socio-economic development efforts of local and central governments. Thus, the tax policy stands a plea for a reform.
Citation
Gyau, K., & Hammond, F. (2022). A review of the provision on capital improvement in Ghana’s local real estate tax manifesto. Journal of Real Estate Literature, 1-24. https://doi.org/10.1080/09277544.2022.2093820
Journal Article Type | Article |
---|---|
Acceptance Date | Jun 21, 2022 |
Online Publication Date | Jul 11, 2022 |
Publication Date | Jul 11, 2022 |
Deposit Date | Jul 29, 2022 |
Publicly Available Date | Jul 29, 2022 |
Journal | Journal of Real Estate Literature |
Print ISSN | 0927-7544 |
Electronic ISSN | 1573-8809 |
Publisher | American Real Estate Society |
Pages | 1-24 |
DOI | https://doi.org/10.1080/09277544.2022.2093820 |
Publisher URL | https://doi.org/10.1080/09277544.2022.2093820 |
Files
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Licence
http://creativecommons.org/licenses/by/4.0/
Publisher Licence URL
http://creativecommons.org/licenses/by/4.0/
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