Currency controls, tax reform and home-building programs have helped curb speculation and make general housing more affordable, but some say they're still far from enough. The Legislative Yuan passed new regulations on residential and real estate sales in July 2021, the Consolidation Tax 2.0. The new tax system will increase the tax rate of capital gains from 35% to 45% on the sale of real estate within two years after the purchase of the property.
Corporate taxation will be compared with popular database personal taxation. range, and prevent the public from taking advantage of the difference in land value-added tax and income tax rates to avoid tax. Two months later, in September, the central bank imposed credit controls on the real estate market, barring banks from granting the repayment grace period normally enjoyed by lenders who bought a second property in Liudu, Taiwan. This is the third time the central bank has taken relevant measures since December 7 last year.
The first two were mainly aimed at borrowers buying third and fourth houses, limiting their mortgage ceilings (50% and 55% of the total price, respectively). The main reason for the central bank's new measures is not to make housing affordable for the majority of the population (although this is one of Taiwan's most serious domestic economic problems), but to curb record-low interest rates, rampant speculators, and The housing market has overheated due to surging demand for housing around the tech park.