Local Tax Bureau of Taichung City Government-News-Preferential tax rate for self-use residential land

Local Tax Bureau of Taichung City Government said that the preferential tax rate for self-use residential land is limited to only one place where the land owner, his or her spouse and minor dependents live. Nevertheless, if the self-use residential land is 300 square meters or less in an urban area or 700 square meters or less in a non-urban area and if it is used by immediate family members (such as adult children or parents ... etc.) who have completed their household registration and if the land is not for rental or business purposes, the preferential tax rate for self-use residential land should not be limited to one place only.
Local Tax Bureau also pointed out that the tax rate for self-use residential land is a straight 2‰, while a progressive tax rate system ranging from 10‰ to 55‰ is applied to land for other purposes. The difference between the two taxation systems is quite huge. If you are qualified for the preferential tax rate for self-use residential land, please remember to apply for it before September 22, 2013 (or 40 days before the levy of land value tax). Applications made after the aforesaid deadline will take effect starting from the following year.