Taiwan struggles with speculation in real estate through taxes

06.12.2010 17:39
The authorities of the island are planning to introduce a new tax on the sale of real estate to "cool down" market.<br /><br />Possible changes in the tax system will affect not all property owners, but only those who invest in real estate, in particular, is buying real estate with the purpose of resale. Thus the government wants to cool the interest of home buyers (including foreigners) and to prevent speculation of short-term investors, which should help lower prices in the market, reports Bloomberg.<br /><br />Taiwan's Ministry of Finance has not yet determined what will be the rate of tax on sale of real estate within one year after the acquisition, but according to a report by Economic Daily News in Taipei, the tax rate can reach 30% of project cost.<br /><a href="https://www.zagorodna.com ">www.zagorodna.com </a><br /> <script type="text/javascript"><!-- google_ad_client = "ca-pub-8426615393746993"; /* 468x60широкий */ google_ad_slot = "0633076384"; google_ad_width = 468; google_ad_height = 60; //--> </script> <script type="text/javascript" src="https://pagead2.googlesyndication.com/pagead/show_ads.js"> </script>
Content tags: Overseas property
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