Business tax discount to cancel Wuhan property market year or current deal peak

Yesterday, the State Council issued a policy, decided that "personal housing transfer business tax exemption period from 2 years to 5 years, other housing consumption policies continue to implement."　　"Wuhan Industry analysis, the country in the previous preferential measures to deal with housing, the abolition of the only involved in the 1-room, aimed at curbing speculative buying, Wuhan housing market may appear in the peak of the year. Wuhan Sunco Account Manager Xiaolong Introduction, 2006 State promulgated "State Six" when, on the second-hand housing business tax began to levy 2 years of 5 years of policy, mainly in order to ease the house price increases too fast, the speculation of housing, control the house price of artificial speculation; 2009 back to 5 years to 2 years,　　is to stimulate domestic demand under the premise of overcapacity in real estate. Xiaolong analysis, since this year's second-hand housing sales tax preferential policy implementation, Wuhan City Central District second-hand sale price by the end of last year's 4200 yuan/square meters, rose to the present 4500 yuan/square meters, the turnover of 1500 sets from the average monthly, up to now more than 2,500 sets of monthly average. "This year, second-hand housing prices rose too fast, some areas or even up to thousands of yuan, the preferential policies to promote the effect of second-hand transactions has been reached, should be terminated in a timely manner to the second-hand market long-term stable and healthy development benefits." "Wuhan 21st Century Real estate market director Cfrp said that since late November, the Wuhan District real estate trading centers are overcrowded, the preferential policy to determine the termination of the news will inevitably lead to second-hand housing turnover." "However, the total price of second-hand housing in Wuhan compared with the first-tier cities, the general second-hand housing transactions by the full 5.5% calculation, business tax involved in the amount of 15,000 to 30,000, if the price of second-hand housing transactions continued to rise next year, the impact of business tax concessions on turnover will soon disappear." "(Chu Tian Metropolis Daily)