2022-11-25 Economic Daily / Reporter Chen Ziying / Report from Taipei
The Taipei National Taxation Bureau stated that when taxpayers use land and houses as tax payment guarantees, if they believe that the announced current value of the land or the estimated current value of the house plus 20% is inconsistent with the price of the collateral, they can voluntarily provide other identifications. Documents proving the actual value of the real estate, such as the real estate price appraised by the bank loan, or the valuation data of the real estate appraiser, etc., for the tax collection agency to verify and calculate the value of the collateral.
The official of the National Taxation Bureau said that in order to write off the property disposition that is prohibited by the tax collection agency due to non-payment of taxes, the taxpayer can provide real estate as a guarantee for tax payment, and the calculation of the value of real estate guarantees can prompt bank loan assessment. The current price information and supporting documents such as housing and land prices shall be verified and confirmed by the tax collection agency, and the registration of prohibited disposal can be canceled after the confirmation of sufficient guarantee.
The official of the National Taxation Bureau explained that when the taxpayer provides land or a house that has completed the registration of building ownership as a tax payment guarantee, the land shall be based on the announced current value of the land plus 20%, and the house shall be based on the current value of the house verified by the tax collection agency plus 20%. become the valuation principle. However, if the taxpayer thinks that the valuation assessed by the taxation authority is too low, he can provide the valuation certification document by himself, and it can be determined if it is verified to be true by the tax collection authority.
For example, the National Taxation Bureau, Mr. Lin, the taxpayer, failed to pay the gift tax of NT$1 million overdue, and Mr. Lin has two pieces of land under his name, A and B. It was determined that land A was worth 400,000 yuan and land B was worth 800,000 yuan, and the land administration authority was notified to prohibit the disposal of Mr. Lin’s two pieces of land and not to transfer them.
However, Mr. Lin intends to sell land A and apply for using land B as a guarantee to cancel the prohibited disposal of land A. After counseling by the National Taxation Bureau, Mr. Lin provided a bank loan assessment. The current price of land B is 1.1 million yuan. Therefore, it is verified that the value of land B is 1.1 million yuan, and because a sufficient guarantee has been provided, the prohibited disposal of land A is cancelled.
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