The Specifically Selected Goods and Services Tax Act aims to impose a specifically selected goods and services tax on real-estate property acquired or sold in a short period of time and not used for self-residence. Property owners are required to pay specifically selected goods and services tax by law when selling a building the premises of which have been held for a period of no more than two years or any urban land for which a construction permit may lawfully be issued, with the exception of the tax-exempt items set forth in Article 5 of the Act.