Land Tax Act Article 35

If a landowner, within two years from the date of completing the transfer registration after selling land, repurchases land meeting one of the following conditions, and the value of the newly purchased land exceeds the value of the originally sold land after deducting the paid land value increment tax, they may apply to the competent tax authority for a refund of the land value increment tax paid, up to the difference between the newly purchased land value and the sold land value after deducting the tax paid:1. After selling self-use residential land, the landowner repurchases urban land not exceeding 3 acres or non-urban land not exceeding 7 acres for use as self-use residential land.2. After selling land used for self-operated factories, the landowner purchases land in another urban planning industrial zone or on government-designated industrial land for factory establishment.3. After selling self-cultivated agricultural land, the landowner repurchases land for continued self-cultivation.The provisions of the preceding paragraph shall apply if the landowner purchases new land first and then sells the original land within two years from the date of completing the transfer registration of the new land.The provisions of Subparagraph 1, Paragraph 1 and Paragraph 2 do not apply if the land was used for business purposes or rented out within one year before the sale.