Final Chance to Register Your Household Before Tax Rates Increase on Housing 2.0!
25 March 2025 路 Uncategorized 路
Source: 路 https://finance.technews.tw/2025/03/24/public-welfare-rental/
The new housing tax system, known as 'Housing Tax 2.0,' will be implemented starting May 1st this year. For those holding residential properties valued at less than NT$1 million (approximately US $34,567), if the total number of such houses exceeds three and household registration is completed by today's deadline, they can maintain a tax rate of 1.2%. Otherwise, after May 1st, the tax will increase to between 2.4% and 4.8%.
The Ministry of Finance stated that completing 'household migration' procedures is crucial for qualifying as self-used housing under this new system; thus, today marks the final day for such registrations before May's implementation date. If any member among property owners or their spouses/straight-line relatives (including in-laws) completes household registration by then, they can enjoy a 1.2% tax rate on May 1st.
The Ministry of Interior鈥檚 Real Estate Information Platform data shows that the number of houses benefiting from reduced taxes under Housing Tax 2.0 has exceeded 173 thousand nationwide this year, marking an increase over two times compared to just four years ago in 2018 when it was only around 43 thousand.
Taiwan House Group's Executive Director Zhang Xulan noted that the surge can be attributed mainly to 'rental subsidies' and a higher tax rate on non-self-used properties. Since early 2017, after amendments were made to residential laws formalizing these measures with corresponding tax benefits, more landlords have been motivated to participate.
In terms of geographical distribution, most such houses are concentrated in the six major cities (Taipei City, New Taipei City, Taichung City, Tainan City, Kaohsiung City and Taoyuan City), accounting for over 80% with nearly 146 thousand units. Among these regions, Taizhong leads with almost 43 thousand houses registered as such this year鈥攁n increase of about two-thirds compared to last year.
Zhang Xulan pointed out that Taipei's slower growth in the number of properties under Housing Tax 2.0 is due partly to its lower supply rate and higher rental costs, which make it harder for families seeking subsidies to afford housing there. As a result, fewer households are eligible for rent assistance programs here compared with other major cities.
Taiwan House Group鈥檚 Senior Manager Chen Dingzhong explained that Taizhong's rapid rise in the number of such properties is largely due to its robust new residential construction market and relatively lower rental prices than those seen in Taipei or New Taipei. This makes it easier for landlords there to qualify fully exempt from income tax as 'public welfare renters.'
Chen emphasized that with more property owners becoming aware of these benefits, they are increasingly inclined towards registering their properties under Housing Tax 2.0 rather than facing higher taxes on non-self-used housing.
(Lead image source: Taiwan House)
The Ministry of Finance stated that completing 'household migration' procedures is crucial for qualifying as self-used housing under this new system; thus, today marks the final day for such registrations before May's implementation date. If any member among property owners or their spouses/straight-line relatives (including in-laws) completes household registration by then, they can enjoy a 1.2% tax rate on May 1st.
The Ministry of Interior鈥檚 Real Estate Information Platform data shows that the number of houses benefiting from reduced taxes under Housing Tax 2.0 has exceeded 173 thousand nationwide this year, marking an increase over two times compared to just four years ago in 2018 when it was only around 43 thousand.
Taiwan House Group's Executive Director Zhang Xulan noted that the surge can be attributed mainly to 'rental subsidies' and a higher tax rate on non-self-used properties. Since early 2017, after amendments were made to residential laws formalizing these measures with corresponding tax benefits, more landlords have been motivated to participate.
In terms of geographical distribution, most such houses are concentrated in the six major cities (Taipei City, New Taipei City, Taichung City, Tainan City, Kaohsiung City and Taoyuan City), accounting for over 80% with nearly 146 thousand units. Among these regions, Taizhong leads with almost 43 thousand houses registered as such this year鈥攁n increase of about two-thirds compared to last year.
Zhang Xulan pointed out that Taipei's slower growth in the number of properties under Housing Tax 2.0 is due partly to its lower supply rate and higher rental costs, which make it harder for families seeking subsidies to afford housing there. As a result, fewer households are eligible for rent assistance programs here compared with other major cities.
Taiwan House Group鈥檚 Senior Manager Chen Dingzhong explained that Taizhong's rapid rise in the number of such properties is largely due to its robust new residential construction market and relatively lower rental prices than those seen in Taipei or New Taipei. This makes it easier for landlords there to qualify fully exempt from income tax as 'public welfare renters.'
Chen emphasized that with more property owners becoming aware of these benefits, they are increasingly inclined towards registering their properties under Housing Tax 2.0 rather than facing higher taxes on non-self-used housing.
(Lead image source: Taiwan House)