This book discusses aspects of allocation in housing and land market taxation with an analysis of the fundamentals of corresponding tax systems in North America and Western Europe. It provides a contrast to traditional analyses with similar objectives by focussing on the dynamic incidence of taxation and by taking into account the building land itself, not just as a production factor but also as an investment medium. The broader theoretical approach yields results which give rise to a reconsideration of well-loved notions about the taxation (and regulation) of housing and land markets. This...