What is the government revenue from the luxury home tax?
According to Tejarat News, in next year’s budget bill, the share of taxes from government revenues has increased significantly, one of which is taxes on houses over 10 billion tomans, and are subject to annual property tax as follows:
1- In relation to the surplus of 10 billion to 15 billion Tomans; One in a thousand
2- In relation to the surplus of 15 billion to 25 billion Tomans; Two in a thousand
3- In relation to the surplus of 25 billion to 40 billion Tomans; Three in a thousand
4- In relation to the surplus of 40 billion to 60 billion Tomans; Four in a thousand
5- In relation to the surplus of 60 billion Tomans and above, five per thousand
A study of how to calculate luxury real estate indicates that properties worth 10 to 15 billion tomans must pay an annual tax equivalent to 10 to 14.9 million tomans. Also, property owners with a value of 15 to 25, 25 to 40 and 40 to 60 billion tomans must pay annual taxes of 30 to 49.9, 75 to 119.9 and 160 to 239 million tomans, respectively.
In addition, property owners whose value is over 60 billion tomans are also required to pay 300 million tomans in taxes annually. For example, if the price of a 260-meter house is equivalent to 26 billion tomans, the owner must pay 78 million tomans in taxes annually.
Of course, the residential units and gardens of villas under construction and acquisition are exempt from this tax, and all natural and legal persons are obliged to pay the annual tax related to each of the residential units and gardens of the villas they own and the dependents by the end of February. 1401 to pay.
The executive regulations of this section will be prepared by the Ministry of Economic Affairs and Finance and will be approved by the Cabinet by the end of June 1401 at the latest. It is also prohibited to register the transfer of property for which a tax has been imposed under this paragraph before paying the transferred tax debt, including property tax, definitive transfer and rent.
According to the report, while there was a tax on luxury and expensive houses in the budgets of 1399 and 1400, so far there has been no serious determination to collect this tax due to reasons such as delays in approving its executive regulations in the cabinet, but on Sunday the government approved the 1401 budget bill. Presented to the parliament, in which he specified his forecast of income from taxes on expensive housing units, the figure of which is equivalent to 700 billion tomans, which must be waited and see how the government will perform in this field and can receive this figure. Slow?
Source: ایسنا
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