Second-hand Tax difference levy

The Ministry of Finance issued a notice of personal transfer intervention 5 years of ordinary residential-second-hand housing business tax difference levy this morning, the Ministry of Finance issued a notice to the personal transfer intervention within five years (including five years) ordinary residential tax levied on the difference,　　That is to say, according to the landlord's ultimate selling price minus its original bid for this part of the income to levy a 5.5% business tax. At this point, the business tax collection rules finally settled.　　Insiders believe that the policy on the second-hand housing market, the actual impact is far less than previous estimates. This morning the Ministry of Finance issued the "on the adjustment of personal housing transfer business Tax policy Notice" clearly stipulates that, since January 1, 2010, individuals will purchase less than 5 years of non-ordinary housing sales, the full levy of business tax; individuals will buy more than 5 years (including 5 years)　　Non-ordinary housing or less than 5 years of ordinary housing sales, in accordance with its sales income minus the purchase price of the house after the difference levied business tax; individuals will purchase more than 5 years (including 5 years) of ordinary housing sales, exempt from business tax.　　That is to say, the landlord only transfer is 140 square meters below ordinary residential, the difference levy business tax. December 9, Premier Wen Jiabao presided over the State Council executive meeting to study and improve a number of policy measures to promote consumption, the meeting pointed out: "Personal housing transfer business tax exemption from 2 years to 5 years, other housing consumption policies continue to implement." "News, on the second-hand housing market caused great panic, we scramble to rush in the end of the year to buy house transfer, resulting in the Beijing district second-hand housing prices soaring.　　Since December, the average daily trading volume of more than 1400 sets. Now that the policy rules are in place, the increase in transaction costs is not as large as originally expected.　　For example, the landlord in 2006 to buy 1 million in 2009 to sell 2 million, the profit is 1 million yuan, as long as the payment of 1 million 5.5%, that is, 55000 yuan business tax, and if the final transaction price in full levy, tax will reach 110,000.　　Dawei, director of the U.S. Joint property market Research department, thought the difference levy business tax in the actual transaction process, the increase of trading costs is very limited, the impact on the real estate market is also very limited, so the current is still in the panic demand of home buyers can relax their mentality, stop the end of the crazy Rob House, let the high fever of house prices have cooled. He said that in the first quarter of next year will not be the original industry expected volume slump, prices are not expected to show a significant decline. According to a series of policy starting point, from the increase in supply to restrain the price too fast rise, the strength is bound to be limited. The market is expected to establish an adjustment trend in the second half of next year.