In Goa, will introduce a new tax for owners of second homes

Indian authorities are planning to introduce a new annual tax for owners of second homes in Goa in the amount of $ 10,000, according to online resource OPP . According to local authorities to curb the unjustified rise in house prices of Goa, it is necessary to introduce a new tax on high house, that was not acquired by local residents or remain uninhabited. Such measures particularly affect the rich Indians from Delhi and foreign buyers who have purchased vacation homes here. Foreigners are officially prohibited from buying land or property in India, but many foreign investors bypass local laws, formalizing housing in the local entity. Wealthy home buyers, especially foreigners, unreasonably increase the price of land and houses in the resorts of Goa and the locals can not afford to buy houses at inflated prices. Date of entry into force of the law has not yet been appointed, this measure will be introduced simultaneously with the simplification of issuing tourist and business visas for Russian property buyers. HomesOverseas.ru