Reported 8 months ago
The Financial Supervisory Commission (FSC) is promoting Trust 2.0, which has shown positive results through active inter-agency communication. The Secretary-General of the Trust Association, Lu Hui-rong, pointed out that in the past, houses under 'trusts for the benefit of others' were not considered self-occupied residences, leading to higher tax rates. However, after efforts from the Trust Association and various sectors to communicate with the Ministry of Finance, the Ministry has recently issued a new directive allowing such trusts to be taxed at the self-occupancy tax rate for land and property taxes. This change aims to provide tax benefits for trust properties used to care for disabled family members or minors.
Source: YAHOO