STATUTE FOR DEED TAX AMENDED

09/01/1999

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The Legislative Yuan on 3 June 1999 amended the Statute for Deed Tax. The main points of the amendment are:

In order to support the government's policy of stimulating domestic demand, deed tax rates were lowered to the following percentages of applicable contract values:

Sales ─ six percent.
Mortgage ─ four percent.
Exchange ─ two percent.
Gift ─ six percent
Division ─ six percent.
Possession ─ six percent.

An owner as recorded on the building use permit should declare and pay the deed tax if the title of the building was transferred prior to the completion of the construction.

Adjust the scope of exemption.

Delete the requirement of notarization or witness for the transfer of real property.