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Housing Tax 2.0: Tax Differences of Up to 4 Times for Public Renters Revealed

Housing Tax 2.0: Tax Differences of Up to 4 Times for Public Renters Revealed

Housing Tax 2.0 implements a nationwide household registration and progressive taxation on non-owner-occupied houses, allowing landlords to become 'public renters' and experience a tax difference of up to 4 times. Many citizens have complained about the surge in housing tax this year, but experts point out that adopting suitable housing tax strategies can lead to effective tax savings.

According to the new tax system, the tax rate for owner-occupied homes has been lowered to a minimum of 1%, while the tax rates for non-owner-occupied properties range from 2% to 4.8%. If you transferred your property within February this year, the original owner is still liable for taxes. Experts recommend prioritizing housing selection based on the property's assessed value and whether it meets registration requirements to achieve optimal tax savings.