The wrong person was registered when selling the house, and 4 million tax exemption was lost!
A certain citizen registered his house in the name of his underage son, hoping to enjoy the NT$4 million tax exemption on owner-occupied land and the 10% tax rate concession. However, his son lost his eligibility when he sold the house and was unable to enjoy the concession. It is reminded that the person who registers the property must be the individual, spouse or minor child, and must have actually lived in the property for six years in order to enjoy the tax savings benefits. It is important to avoid an increase in tax burden due to incorrect registration.
