Experts divided over housing and land bill
Experts divided over housing and land bill Staff writer, with CNA Large property developers and experts on Thursday expressed divergent opinions over a draft amendment that the Executive Yuan approved earlier in the day with the goal of reining in real-estate speculation. The Cabinet approved a draft amendment to the Income Tax Act (所得稅法) that would adjust the “integrated house and land sales tax” so that properties sold within certain periods after purchase would be taxed more. Private individuals and institutions would face a 45 percent tax on property transaction gains on homes...