Reported 8 months ago
Although property and land value taxes are burdensome, home upgraders can enjoy tax rebates if they meet the relevant owner-occupied conditions. With the hot housing market, Taiwan saw over 110,000 building sales transactions in the first 4 months of this year, the second highest in nearly 13 years, following only 2022. Among those investing in properties are many home upgraders who, after happily switching houses, must deal with complex tax issues. However, if the conditions for owner-occupation are met, the taxes paid can be refunded to the public. Selling before buying may lighten the financial burden, as illustrated by Ms. Guo's case when she sold her old house making a profit, then bought a new one with a reduced tax burden by qualifying for a tax refund due to owner-occupancy conditions.
Source: YAHOO