On 5 June 2015, Taiwan's Legislative Yuan approved a new capital gains tax regime for immovable property sales with a top rate of 45% in order to curb speculation in the residential market.
The new regime replaces the existing regime, which is based on an assessed property value at the time of sale, as well as a 10%-15% luxury tax for properties held less than 2 years. For resident taxpayers, the rate is 45% of the actual gain if the property is held less than 1 year, 35% if held 1 to 2 yea…