In an interview with ISNA, Mehdi Ravanshadnia said: "There is no doubt that the capital gains tax plan, the generals of which have been approved by the parliament, is necessary to control trade and prevent inflammation of markets such as housing, cars, gold and currency." Developed countries have imposed similar taxes for years. But we have to make a version that can be implemented according to the conditions of the country.
He added: "Ordinary people do not have the slightest role in market turmoil and economic fluctuations." The rise in prices is due to economic and sometimes political variables that devalue the national currency and pave the way for oscillators and traders to enter unproductive markets. The combination of these two events affects the strata of society. Therefore, in making laws, the livelihoods of the lower and middle classes should not be targeted and they should not be taxed in any way.
The housing market expert said that the most important weakness of this law is ignoring the usual inflation of the Iranian economy: "Inflation should be deducted in the imposition of this tax." A person who has bought a car, a house or gold, if the price of his goods increases after a few months, inflation will also rise, for which he should be exempted from inflation at the time of sale. In this regard, the general inflation index or any other index considered by the legislator can be considered.
Ravanshadnia stated: According to this plan, if someone sells the house a year before the purchase, he must pay 40% tax on its profit. This figure is reduced by 3% annually until the twelfth year, when the tax rate reaches 4%. For whatever reason, a young person may buy a small house and then want to make it better. In practice, this law makes it difficult for the young man to improve his life. It may be an old house that will wear out in 12 years and lose its value.
He considered it necessary to exempt one transaction per year from taxation and said: "Suppose a person buys a car or a house for the purpose of using and living, but suddenly he has a problem and wants to sell it." A distinction must be made between this person and the dealer who buys several cars or houses a year.
The housing market expert stressed: "This plan provides a space for covert transactions." The landlord may also have to rename the house to avoid tax evasion, leading to a loss of capital. The result of this process is to reduce the attractiveness of the housing sector, which will only result in capital flight.
According to Ravanshadnia, a tax package should be created regarding taxes on vacant houses, frequent transactions, capital gains, and so on. In fact, the reform of the country's tax system, which has been considered for years, should be on the agenda. The fact is that this type of plan is a bill. The government must submit a capital gains tax bill to parliament in the form of a detailed expert work, and then hammer it out in parliament. Cross-cutting and case-by-case solutions to the tax problem will not only reduce the problems, but may exacerbate the problems.