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5 Year Control over Land Approved of Value Increment Tax Rebate

To lessen tax burden for those who buy houses for self-use residence, the Government has regulated that the originally paid land value increment tax can be refunded if the residential land for self-use is sold and repurchased within two years, said the Local Tax Bureau of Taichung City Government.

Local Tax Bureau further explained that a landowner who sells and then buys or buys and then sells his/her residential land for self-use within two years can apply to refund the difference of “Land Value Increment Tax” between two transactions as long as the price of newly purchased land is higher than the price of sold land minus the land value increment tax. However, to prevent the landowner from selling, renting, running business on or moving his/her household registration out from the residential land for self-use within five (5) years after being approved of tax rebate, it is regulated that the refunded amount of Land Value Increment Tax must be called back if the land is sold again or used for non-self-use residence purposes.

Local Tax Bureau reminds our citizens that the control period over the residential land for self-use that has been refunded of its Land Value Increment Taxis five years. For further information, please call toll-free service hotline 0800-086969 or 22585000 ext. 1 for the call center of Local Tax Bureau.
  • Data update: 2018-11-19
  • Publish Date: 2013-08-30
  • Source: Local Tax Bureau
  • Hit Count: 244