They call this a ‘loophole’ … that’s a darn black hole …
Someone that bought a 1F commercial space … worth 55,000,000 NT$
So, where did you exactly buy the apartment?
Somewhere on Bade road …
OK, fine …
How big is it?
Well, uh … no idea …
Price?
To be honest, I’ve got no clue … 2,500,000 NT$ …
What is it …?
Oh, smallish studio apartment … no big deal … just bought it as a get away, love nest …
OK, no problem, that’s about 10,000NT$ tax … next one!
[quote]The foundation also said that if the luxury tax on pre-sale property was only levied starting on the day on which the property is officially listed under the owner’s name, investors and speculators would still be able to avoid paying taxes by completing the transaction shortly prior to completion of the construction site.
Another loophole is the exemption of “farmhouses” from the luxury tax, because many unscrupulous developers have been known to build mansions and luxury homes defined as farmhouses for tax purposes, the foundation said.[/quote]