Thiruvananthapuram: No special tax is levied on foreclosed houses. Minister KN Balagopal told the Assembly that special tax on closed houses is only a proposal and will not be implemented now.
The lack of funds of the local self-governing bodies was discussed. The additional tax on closed houses was a part of the proposal to increase the income of the local self-governing bodies. The Minister of Finance stated that this proposal is being discussed by the Local Self-Government Department.
Expatriate organizations have also demanded that the budget proposal to impose additional tax on closed houses in the name of one person should be avoided. Expatriate organizations including Fokana raised the need to avoid such additional taxes in the context of recovery from the Covid crisis. The decision of the state government is also based on this.
