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IEB19-03_Montalvo+Piolatto+Raya.pdf (1.25 MB)

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Working paper

Publication date

2019

Publication license

cc-by-nc-nd, (c) Montalvo et al., 2019
Please use this identifier to cite or link to this item: https://hdl.handle.net/2445/134065

Transaction-tax evasion in the housing market

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Abstract

We model the behaviour of a buyer trying to evade the real estate transfer tax. We identify over-appraisal as a key, easily-observable element that is inversely related with tax evasion. We conclude that the tax authority could focus auditing efforts on low appraisal transactions. We include ‘behavioural’ components (shame and stigma) allowing to introduce buyers' (education) and societal (social capital) characteristics that explain individual and idiosyncratic variations. Our empirical analysis confirms the predictions using a unique database, where we directly observe: real payment, value declared to the authority, appraisal, buyers' educational level and local levels of corruption and trust.

Subject

Frau fiscal, Política de l'habitatge, Corrupció administrativa

Subject (English)

Tax planning, Housing policy, Corruption

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IEB (Institut d’Economia de Barcelona) – Working Papers

Citation

MONTALVO, José G., PIOLATTO, Amedeo and RAYA VÍLCHEZ, José María. Transaction-tax evasion in the housing market. IEB Working Paper 2019/04. [consulted: 13 of August of 2026]. Available at: https://hdl.handle.net/2445/134065

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