Property tax operation plan to finalize or temporarily avoid land transfer before next year

Experts say: Property tax will not increase personal tax July 13, 2009, the Treasury released the latest fiscal revenue and expenditure, the first half of this year, the national revenue of 3,397,614,000,000 Yuan, down 2.4% from the same period last year, and local income has increased by 6.6% per cent year-on-year.　　It is understood that local finance in the face of the economic crisis in the case of the rise, but also "attributed" to the increasing annual land transfer. According to the "China Economic Weekly" recently from the State administration of taxation related to understand that 2010 years ago the State administration of taxation will soon come up with a property tax operational plan, but the temporary will not be the land transfer into the property tax scope.　　In other words, local finance can continue to obtain local financial revenue in the form of land transfer money.　　Since June this year, the rise in land prices has led to the emergence of new "King" in some cities, housing prices have rebounded, some real estate prices rise, property buyers to the property prices back to the wait-and-see state.　　Whether the new property tax will make a big adjustment to the real estate market, and ultimately change the status of high housing prices?　　Property tax will circumvent the biggest hurdle will not touch the land transfer Kim Zhang Peisen, a research fellow at the State administration of taxation, said that the biggest obstacle to levying property tax is land transfer. According to the state's framework of property tax reform, the property tax is to integrate the current land and housing-related taxes, to redefine the tax base and tax rates, and to collect them in the real estate tenure chain. And the existing taxes accounted for the developer costs of 60% to 70%, of which the land transfer gold accounted for the bulk, about the total development costs of 30% to 40%.　　In this respect, many real estate developers cry, high prices are not the real estate business fault, but the high price of the trouble. Zhang Peisen to China Economic Weekly, said, "China's land transfer system, although in accordance with the national requirements of the bidding form for sale, but the different developers in the local government to get the price is not the same, so real estate profiteering is also from here." Once the land transfer gold into the property tax, according to the national uniform guidance market price for land sale, can let the whole real estate development cost transparent, the house price natural drop down. "Land transfer has become the biggest obstacle to the introduction of property tax." According to our country's land system, the local state-owned land belongs to the local government, the local government according to their actual situation, land market value and other factors from the line pricing, the income of the land transfer into the local finance. If the land transfer money into the property tax, the land transfer gold in the form of state revenue into the Treasury, how to allocate to the local, the allocation of how much will be faced with a major problem.　　In addition, with the local government to sell land at a time, the property tax is levied in a year, which will lead to a significant reduction of local revenue. According to the State administration of taxation related sources, now all over the property tax on the "simulation" pilot (also known as "idling" pilot) also did not involve land transfer, and 2010 years ago the introduction of operational property tax scheme will be in the preservation of land transfer payment under the premise of the reform. Zhang PeisenThis to the "China Economic weekly" said that without touching the land transfer system under the premise of the existing tax on the integration is relatively simpler, easy and operable, but will involve the construction of fees and charges, so it is not easy to integrate tax and charges, to coordinate the interests of different departments, but also to formulate a good supporting policies,　　Deal with the technical aspects of land evaluation. National tax or local government rent is not clear personal purchase will not be affected May 25, 2009, the State Council forwards the State Development and Reform Commission "on the 2009 to deepen the work of economic restructuring of the views", clearly pointed to deepen the real estate tax reform, research levy property tax.　　The new property tax implementation plan will continue 5 years ago, "The real estate Levy unified Standard property tax, the corresponding cancellation of the relevant charges." According to Zhang Peisen, the current China's tax levied on real estate is basically a normative and transparent, and the only is not standard construction and other related departments of the charges, the current real estate market charges include land value-added surcharges, development of ancillary fees, road fire greening costs, and so on, some irregular costs increased the burden of real estate developers,　　And real estate developers often put this burden on the price.　　Reporter from the State Administration of Taxation Property Tax department responsible for property taxes departments understand that the current property tax is still under study, the state is to transfer the land to the state tax or local tax is not clear. Zhang Peisen to China Economic Weekly, said, "because unreasonable fees in the open business costs only a small part of the price will not be too big fluctuations, the unified levy of property tax to reduce the burden of real estate developers, so the price is a kind of fine-tuning." "China has been implementing a loose tax policy against individual real estate." According to reporters from the Beijing Tax Bureau staff to understand that the current real estate charges levied on land sales, land value-added tax, urban land use tax, real estate tax or real estate tax, and for individual home purchase only need to pay the deed, the current ordinary residential deed is 1.5%.　　After the introduction of the property tax integration scheme, the tax on the real estate will not increase, because it does not relate to individual charges, so it will not affect the personal tax. The reporter learned from the Shenzhen Tax Bureau, for the new round of property tax reform, the local tax bureau is also waiting for the State administration of taxation program. Shenzhen Tax Bureau's media director of the "China Economic Weekly," said that the so-called "simulation" of property taxes before the pilot, because of the 2007, the real estate market overheating, to prevent speculation, personal real estate to calculate the simulation levy, so the "tax integration" reform has no practical significance.