Guotai Event: May 25 announced the "State Council forwards the Reform and Development Commission in 09 to deepen the work of economic restructuring notice," said the deepening of real estate tax reform, study the introduction of property tax (Ministry of Finance, the general administration of taxation, the Development and Reform Commission, the Ministry of Housing and Urban construction). Comment on: Property tax belongs to industry bad event. It is a tax levied on commercial housing and is levied annually. If the levy, will crack down on housing investment demand and even improve sexual demand, curb house price rise. However, we do not expect a property tax to be levied soon, especially the introduction of residential property tax. In addition to the need for legislation, collection and other aspects of support, but also the current government relies on real estate to save the economy, stable environment. The above notice also only said that the study levy, of course, in fact, some cities have started idling pilot. To study the introduction of property tax, continue to reflect from the side of the local revenue is very tense (there have been rumors that the early part of the revenue base of the one or two-line city will be strict liquidation of the developers have completed the land value-added tax), but also shows that the government does not want the rapid rise in housing prices in addition to the rise in prices will And turnover is the key to contributing tax revenue and incremental GDP, and will also affect people's livelihood and stability. The introduction of property tax, office buildings, shops and other rental commercial real estate is more likely to pilot. The reason is that rental commercial real estate now need to pay real estate tax (rental income of 12% or 1.2% of the value of the property), etc., through the property tax unified tax and tax rates, simple and feasible. In addition, it is worth mentioning that the introduction of property tax will not lead to a direct decline in house prices, but will be reduced by reducing turnover, increase in supply indirectly led to lower prices. The mainland's real estate system replicates the Hong Kong model, while in Hong Kong the property tax levied on the owners is parallel to that of the developers, so there is no possibility of amortization of the land transfer for the 1970-year tenure to the property tax.
The content source of this page is from Internet, which doesn't represent Alibaba Cloud's opinion;
products and services mentioned on that page don't have any relationship with Alibaba Cloud. If the
content of the page makes you feel confusing, please write us an email, we will handle the problem
within 5 days after receiving your email.
If you find any instances of plagiarism from the community, please send an email to:
info-contact@alibabacloud.com
and provide relevant evidence. A staff member will contact you within 5 working days.