On the other hand, the income tax amendment proposed by the Executive Yuan in March against housing hoarding will be effective in reducing housing prices and releasing vacant houses. However, Liu Peizhen also added that the government must think carefully about how to prevent landlords from raising rents and reduce rents. The tax is passed on to 780,000 tenants across Taiwan. "Although the decision has not yet been finalized, in the medium and long term, the hoarding of housing tax will be a more important policy change."
Liu Peizhen said. Li Yongzhan, an urban popular database and rural planning expert at the China Economic Research Institute, agrees that proper taxation can lead to a healthier housing market. However, the wealthy class who can afford multiple houses has full political influence, so the parties are mostly reluctant to adopt substantive reforms to the property tax system. Li Yongzhan pointed out that the Executive.
Yuan's housing tax reform plan is only for people who own four or more properties, and the tax rate for holding one to three rooms remains unchanged: "How many Taiwanese do you know who own more than three houses? This is just one example. Only a small number of people. If I have excess funds and the interest rate is so low, of course I will consider investing in the new real estate market.”