Sunday, March 27, 2011

Sounds like a good idea to me!

Luxury tax bill leads to fall in land sale value

The Taiwan government’s plan to tax short-term property transactions, subjecting residential and commercial properties and land to a 10 percent levy if they are resold within two years of purchase has seen a large decrease in house prices

Posted by the number cruncher @ 12:10 AM (1376 views)
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2 thoughts on “Sounds like a good idea to me!

  • Now that’s what I call an austerity measure.

    Power to the misguided people.

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  • I was hoping for some CGT rule changes like this in the budget.
    Instead cu nt face has made it easier for big business to hover up
    BTLs , in an attempt to create a false floor in prices. Same old Tories.

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