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Taichung City Government

Taichung City Government

Taichung City Government

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The person applying for Land Value Increment Tax refund of tax case of reacquisition should be the same person for reacquisition

  • Issued by   Local Tax Bureau
  • Date:2018-12-03

(Taichung News) The officer of Dongshi division of Local Tax Bureau, Taichung City Government said, recently, there were some citizens calling to ask if they have had the land sold and they purchased another land in the name of the spouse, can they apply for the Land Value Increment Tax refund of tax case of reacquisition?
The officer of the division explained, the land owner has bought before selling or sold before purchasing the primary residential land within 2 years, if the value of the newly purchased land is higher than the value of the previously sold land, the paid prior Land Value Increment Tax can be deducted from the newly to be paid Land Value Increment Tax up to zero. Therefore, the person who has sold the land earlier then purchased the new land in the name of his or her spouse, it’s not eligible for the application of refund of tax case of reacquisition as the land owners of the two units of lands are not the same person.
The officer of the division explained more, as per the tax rules, Land Value Increment Tax refund of tax case of reacquisition must be raised by the same land owner; the couples are different tax payers in the definition of tax rules. When people would like to purchase the land and apply for the refund of tax case of reacquisition, please plan ahead and register the land under the name of the same land owner to enjoy the benefits.
Local Tax Bureau, Taichung City Government care what you care. If you have any query, please call to the free hotline of 0800-086969 or 04-22585000 and press 1 for customer service for more details.

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