Automatic Calculation of Taiwan Property Taxes Lazy Pack Premises in One
The Executive Yuan has finalized the "Draft Amendment to Certain Provisions of the Income Tax Act" for the Real Estate Tax 2.0, hoping to reduce the speculation of "short-in, short-out, short-buy, and short-sell". There are three aspects of the real estate tax 2.0, including firstly, lengthening the tax closure period, secondly, curbing short-term speculation in profit-making business units, and thirdly, treating pre-sale of houses and equity transactions as real estate transactions and including them in the tax.
The tax commissioner of the Ministry of Finance, Ms. C.M. Hsu, explained that, firstly, it is a high tax rate for short-term arbitrageurs, secondly, it adjusts the profit-making business units to be taxed separately according to the same differential tax rate as individuals according to the holding period, and thirdly, it adds two new items to be regarded as real estate transactions to be included in the real estate tax, which are pre-sale of houses and equity transactions.
Automatic Calculation Premises Tax 2.0
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The above calculations do not include other expenses such as stamp duty, brokerage fee, nominee fee, ...etc., and only calculate the Premises Tax.
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