Taiwan: Frequent Sales And Tax Increases Of Real Estate Within One Year

according to Taiwan According to media reports, the Taiwan authorities will start from speculators in setting the policy of speculation. Taiwan's "Ministry of Finance" will study and discuss the need to increase taxes on real estate that is traded frequently in the short term (within a year).

It is reported that Wu Dunyi, Taiwan's "executive president", said in the "Legislative Yuan" that the rise in real estate prices in the island is not comprehensive and should not be solved by comprehensively raising the announced prices of houses and land.

Senior officials of the "Ministry of Finance" also pointed out that, real estate If the price rise involves speculation, the authorities need to intervene to solve it, including the real estate that is frequently bought and sold in the short term. Since the current value of the announcement is adjusted once a year, the land appreciation benefits are virtually exempt. In the future, it can be considered to increase Taxation Anti blocking.

The senior official of the "Ministry of Finance" said that the frequent transfer of real estate within a year is not normal, and the motivation to avoid tax burden is obvious. Especially in areas with large price increases, local governments can be required to increase the announced present value of designated areas on a monthly or quarterly basis, and the announced present value will be increased, which will naturally increase the tax burden of land tax increase.

The "Ministry of Finance" also ordered public taxation bureaus all over Taiwan to strengthen the selection of pre-sale housing sales within their jurisdiction. If the land is transferred before completion, the land will lose the tax exemption preference, and the income tax will be levied on all the land at the real price.