BOGUS FARMS:Tighter rules to govern the sale of agricultural land are to be implemented to prevent the rapid disappearance of valuable farmland
Date: Jul 18, 2015
By: Crystal Hsu / Staff reporter
The Cabinet’s decision to tighten regulations on transactions of farmland and farmhouses might push down their prices, which have soared in recent years partly because of exemptions from various taxes aimed at curbing property speculation, analysts said yesterday.
The Executive Yuan on Thursday promulgated plans to limit the sale of farmland and farmhouses to farmers for agricultural use starting next month at the earliest in the absence of protest. [FULL STORY]