The benefit of exemption from capital gains tax and transfer tax reduction for registered rental housing sold by the end of next year will be reduced, putting the non-taxation benefit of residential houses for landlords at risk. The government has limited the period of exemption from capital gains tax and transfer tax for registered rental housing to one year after the end of next year or the mandatory lease period. As a result, landlords will not be able to receive a five-year non-taxation benefit when selling their residential houses. Landlords argue that it is unfair for the government to abolish the non-taxation of residential houses following the reduction of tax benefits for rental housing and are demanding measures such as the establishment of a grandfather clause to maintain the non-taxation of residential houses. There is also criticism that the government is only providing landlords with a short grace period, even though it may be difficult to sell all houses within one year.
