The new housing tax 2.0 system is on the way: the number of low-current-value residential tax-exempt households is limited to 3 households

If there are more than 3 houses in the name that are used as homes and the current value of the house is below the tax exemption standard, a declaration should be made to the tax authority where the house is located to select a house that is exempt 40 days before the start of each period of housing tax.

"Why did I suddenly receive a housing tax bill this year when I didn't have to pay it before?" Recently, some people asked that the housing tax for several small apartments owned by them had not met the levy standard in the past, but they did not expect to receive a tax bill suddenly this year.

In this regard, the Hsinchu County Government Taxation Bureau explained that after the new housing tax 2.0 system is implemented, the number of tax-exempt households with low current value residential houses has been limited. Eligible people should pay special attention to the number of households in their name.

The tax bureau stated that the new housing tax 2.0 system has been officially implemented on July 1, 2024. For residential houses whose current value is less than a certain amount, the applicable objects and the number of households exempted from the housing tax have been adjusted. The new system stipulates that the number of tax-exempt households for natural persons holding multi-family low-current-value residential houses nationwide is limited to 3, and it is only applicable to natural persons. Houses under the name of legal persons are not applicable to this tax exemption.

Taking Hsinchu County as an example, those whose current value of residential houses is less than 111,000 yuan can be exempted from housing tax if they meet relevant conditions. If a natural person owns more than 3 residential houses that meet the low current value standard in his name, the fourth household will no longer enjoy the tax exemption. Therefore, it may happen that he did not receive a housing tax bill in the past but starts to receive a tax bill this year.

The tax bureau reminds that if a natural person owns more than 3 houses for household use and the current value of the house is below the tax exemption standard, he should apply to the tax authority where the house is located to select a house for exemption 40 days before each period of house tax is levied, that is, before March 22 of each year. People can choose the three houses they wish to be exempted from based on their own circumstances.

If the election is not reported within the time limit, there is no need to apply for redress. The tax bureau will give priority to the three households with the highest tax amounts as exempt according to regulations. The rest of the houses that meet the conditions but exceed the limit of exempt households will be levied housing tax in accordance with the law.

In addition, after the house owner completes the declaration and selection, or after approval by the tax collection agency, if the situation of the house held in the following years does not change, and there is no need to change the original declaration selection, in principle, there is no need to re-declare every year. If the housing holding situation changes in the future, relevant declarations should still be made in accordance with regulations.