2021/04/27 17:11 Property prices still expected to rise despite government-backed amendments. Property prices still expected to rise despite government-backed amendments. (CNA photo) TAIPEI (Taiwan News) Government measures targeting real estate speculation are unlikely to register much impact, as consumers still expect property prices to rise, according to an economic study released Tuesday (April 27). Under amendments to the Income Tax Act scheduled to go into effect July 1, a tax of 45 percent will be paid on gains from the sale of property within two years of purchase and 35 percent for two to five years. Foreign citizens and businesses will have to pay a tax rate of 35 percent for gains made after two years.