Taiwan's Executive Yuan (Cabinet) has issued a release announcing its approval on 11 March 2021 of amendments to the Income Tax Law in order to curb real estate speculation. This includes amendments to the capital gains tax regime for real estate (immovable) property sales introduced from 1 January 2016.
With respect to resident individuals, this includes the following tax rates depending on the holding period:
- 45% if held less than two years;
- 35% if held two to five years;
- 20% if held up …