Builder and Funder Differ in Property Construction: Taichung’s Tax Bureau Reminds to File Deed Tax
Local Tax Bureau
(Taichung News) It is a common misconception that deed tax only applies during property transfers. The Local Tax Bureau of the Taichung City Government reminds the public that if the builder does not contribute actual funds during the construction process, it could be deemed as a sale or bestowal. To avoid potential financial penalties, individuals in such situations are advised to report the deed tax to the Local Tax Bureau after receiving the use permit. The Local Tax Bureau noted that in acco...