This site uses web cookies · Read our Policy here
International: (+34) 952 198 657
Open navigation menu

Taiwan Announces Luxury Tax to Dampen Property Bubble

First name: 


Last name: 


Tel. Number: 

IPIN Disclaimer.

  We never share your data with any third parties.

*Note: IPIN investment opportunities are available subject
to location and certain knowledge / experience criteria.

News by Category


real estate investments  Property Tax  Taiwan  Taipei  Taiwanese parliament  Taiwan Real Estate  Luxury Tax 

Taiwan Announces Luxury Tax to Dampen Property Bubble

By - Monday 18 April 2011

Following the lead of a number of its Asian neighbours, the Taiwanese parliament has approved a new tax on real estate investments and luxury goods designed to reign in the buoyant market.

The "luxury tax", which is still awaiting final approval from the government, has been tabled in an attempt to curb surging prices in the country which threaten to form an asset bubble.

Under the terms of the proposed plan, property investors in the country who choose to sell their assets within two years of purchase will be subject to a ten per cent tax, this rises to 15 per cent if the property is sold within one year. The tax will not apply to properties the owners live in.

Soaring prices in Taiwan have been blamed, in part, to an increase in speculation from investors and the special tax is aimed primarily at controlling and preventing this practice from increasing.

Many average income earners in the country have found themselves priced out of the market, with the ratio of home prices to disposable income in the capital, Taipei, at its highest level in 20 years.

Subscribe to IPIN Live by Email - Get our News & Blog updates delivered directly to your inbox - click here



*This page is provided for information purposes only and should not be construed as offering advice. IPIN is not licensed to give financial advice and all information provided by IPIN regarding real estate should never be treated as specific advice or regulations. This is standard practice with property investment companies as the purchase of property as an investment is not regulated by the UK or other Financial Services Authorities.

«« Back to IPIN Live

Follow IPIN Global

Latest Content

Recent Comments

Powered by Disqus