Ministry Calls for Levying Capital Gain Tax to Control Housing Market

The economic research arm of the Ministry of Economic Affairs and Finance has published a detailed analysis of taxation in housing sector, calling for levying capital gain tax to control the housing market that is now experiencing an upturn in tandem with the foreign currency market.
The lengthy study, published on the official website of the research department, reviews theoretical concepts concerning tax and its link with different aspects of capital in the housing market. It then goes over tax on lands and homes in a number of selected countries in addition to Iran.
In the next step, the study proposes reforms concerning tax laws and introduces new ones. It reviews housing taxes and fundamental ways of reforming them, puts out technical proposals to reform and complete direct tax laws, and points out that a number of laws are unable to combat speculative activities in the housing sector and pay little to no attention to housing problems of vulnerable groups.