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Acquiring Land through Auction Exempt from Land Value Increment Tax Declaration

  • Land acquired through auction is exempt from land value increment tax declaration
  • The person who wins the auction receives the ownership rights immediately
  • Taxes related to the auctioned land are deducted by the court
  • Any tax refunds from the auction will be distributed to creditors first
  • Any remaining funds will be returned to the debtor
  • For any tax-related inquiries, call the free service hotline 0800-000321 or 22585000 and press 1 for customer service.

Source: etax.nat.gov.tw

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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