Taiwan: Real Estate Sales And Tax Increase Frequently In 1 Years

according to Taiwan The media reported that the authorities of the Taiwan authorities set the tone for the real estate policy, and will start the speculation from the speculators. The Ministry of Finance and the Ministry of finance will deliberate on the need to increase taxes on real estate which is frequently traded in the short term (within one year).

According to reports, Taiwan's "chief executive" Wu Dunyi in the "Legislative Yuan" said that the island's real estate price rise is not comprehensive, it is not appropriate to raise the housing and land notice price.

Senior officials of the Ministry of finance also pointed out that Real estate If the price is high, it will involve the authorities in solving the hype, including the frequent purchase and sale of real estate in the short term. Because the announcement value is adjusted once a year, the value added of the land will be exempt from it. Taxation Way to prevent plugging.

Senior officials of the Ministry of Finance said that the frequent transfer of real estate in one year is not normal. The motivation of evading tax burden is obvious. Especially in areas where price increases are large, local governments can ask local governments to increase their declared value at present or monthly according to the current value of the designated areas.

The Ministry of Finance ordered the public and taxation bureaus across the Taiwan Strait to strengthen the selection of pre-sale housing transactions within the jurisdiction, and the land would lose tax-free concessions if they were not completed, and all of them would be subject to the actual income tax.