Reported about 1 year ago
According to SET News, the Property Hoarding Tax 2.0 will officially take effect in July, impacting mostly multi-property owners. Experts recommend reviewing the 'current property value' assessment in advance and registering for household registration to qualify for the self-occupied property tax rate, achieving savings on the property hoarding tax. Additionally, strategically selecting where to establish household registration can lead to tax savings, with the tax rate for those owning over 3 properties increasing to 2% to 4.8%. Experts suggest actions like early self-use registration, renting out idle properties, and holding onto properties with high development potential as ways to mitigate the new tax system.
Source: YAHOO