Category: real estate

Recently, many people have privately messaged me because 34 banks were invited to drink coffee by the government a few days ago, causing everyone to panic and ask what should I do if they are really stuck in getting a loan for buying a house?

After learning about it in detail, I found out that many of them are not really unavailable, but the loans are ugly!

As long as you buy a house at a higher price than your old house within two years after selling your old house, you will be eligible for a tax refund for trading in a smaller house for a larger one. That excessive tax that sounds so scary will be offset immediately.

This is the secret why rich people buy bigger and bigger houses!

Because as long as I sell my original house and buy a more expensive and larger one, I can keep switching like this during the grace period. Directly, I will only pay interest forever, and I won’t be taxed heavily.

If you are not a domineering rich man who pays in full, but a house slave who wants to apply for a mortgage, the most important thing you must pay attention to when signing the contract is to remember to ask a notary to fill in this proviso for you.

If this had been filled out in the contract, it would not have caused so many people now to be anxious because the water level has exceeded the warning line, thinking that they will not be able to get the loan and will face the problem of defaulting and losing money. After all, the loan There’s nothing you can do if you don’t get it!

Taiwan's housing market is booming and bank liquidity has reached a warning line, causing many buyers to face difficulties in obtaining loans and possibly default and lose money.

If the bank does not lend, waiting will be futile and the contract delivery date may come earlier.

If you are unable to obtain a loan, you should consider applying for a loan from an institution that is not restricted by Article 72-2 of the Banking Act. These institutions offer preferential interest rates and are not subject to the 30% water level restrictions, which can help you meet your funding needs.

If a bank loan fails, alternatives should be sought quickly to avoid the risk of default.

The real estate tax is a real estate transaction tax implemented in 2016, which levies a tax on the actual gains from the sale of houses and land.

This tax system applies to real estate acquired after 105 years when it is sold; short-term transactions are taxed at rates as high as 35% or 45%.

The revised version 2.0 on April 28, 2011 further strengthened the regulations, including heavy taxation on short-term arbitrage, taxation of corporate entities, expansion of the scope of taxation, and prevention of tax evasion by over-reporting of land.

Ordinary residents will not be affected by this tax at all if they do not sell or make any profit.