Housing Construction Department clarifies New deal misunderstanding curb speculation not a broad-brush crackdown

Source: Internet
Author: User
Keywords property market business tax ordinary residence
Tags business business tax crackdown demand developer developers development difference
December 9, the State Council decided that the 2010 personal housing transfer Business tax exemption period from 2 years to 5 years.  The regulation of the property market is officially opened, and more policies are expected to filed. December 17, the five ministries issued the "on further strengthening land transfer revenue and expenditure management Notice", the developer to take the proportion of the first payment progress to 50%.  This policy strict card developers capital chain, the real estate sector suddenly feel, this winter is particularly cold. December 23, the sales tax rules announced, for ordinary residential and non-ordinary residential made a strict distinction. This let some of the house was a big relief to relax: "The property market regulation does not seem so malicious!" On the same day, the Ministry of Land and Resources informed 9 provinces 18 cases of real estate development land idle, urging local governments and land and resources to further implement the policy of idle land disposal.  Careful analysis, the policy is already there, there is no new ideas. is the property market regulation loose or tight? How tight?  Like a mist that spreads. December 24, a residential building ministry in the "Huaxia Times" reporter interviewed, said the market for the overall pressure to suppress the real estate, the view is actually misunderstanding, is now only in the adjustment, will not comprehensively suppress the property market, will not engage in across.  The policy focus for the future remains to increase supply, improve security and curb speculation. "Nobody wants the property market to move.  The above people exaggerate.  Gu, vice president of the China Real Estate and Housing Research Association, also thought that, although the recent property market policy is more frequent, but the property market policy will not turn round completely, support the demand, improve the demand direction has not changed.   Regulation of high pressure?  Center of the market to adjust the direction of regulation, the series of policy is indeed filed. December 23, the Ministry of Finance, the State administration of Taxation formally announced the business tax rules: "All over the strict clearance of real estate related to the ultra vires tax relief, to clean up the problem, to be corrected immediately." "This is to give local facial expression, hope place in the property market regulation don't make a false call."  An analyst in Shanghai said. On the same day, the Ministry of Land and Resources informed 9 provinces of idle land.  Moreover, the determination of the land sector to increase supply is also very clear. It is reported that the Ministry of Land will also take a number of measures to combat land hoarding: first, the further regulation of the supply of soil behavior. To perfect the contract of land transfer and the decision of transfer, the land scale, leasing payment, the assignee conditions, the completion of the declaration, the responsibility of breach, and so on to make a clear agreement. Second, further increase the land development and utilization supervision, implementation of regulatory responsibility. Third, surveillance inspections will be further strengthened.  Urge all over the strict implementation of idle land disposal policy, timely disposal of idle land. This reporter learned that the Ministry of Land recently also with the SFC and other parts of the joint efforts to combat land speculation.  This reporter also learned that the Ministry of Construction has also recently a heavy curb speculative, at present, the "hoarding room, speculation room." Gu exaggerate, good policies need to be implemented. China's property market regulation does not lack the policy, but lacks the execution strength.  This requires local governments to make a decision and use a heavy fist. And the difficulty of regulation is the centerAnd the local game, in this, the supervisor part seems to have found a way. Elastic Mist The above business tax rules say that, since January 1, 2010, individuals will buy less than 5 years of non-ordinary housing sales, the full levy of business tax; individuals will purchase more than 5 years (including 5 years) of ordinary housing or less than 5 years of ordinary housing sales,  Levy a business tax in accordance with its sales income minus the difference after the purchase price of the house; Individuals will purchase more than 5 years (including 5 years) of ordinary housing sales, exempt from business tax.  Jahau, director of marketing at Guo Yi, said the new policy was tighter than the preferential policies implemented in 2009, but it was a big step ahead of speculation, as it would save a lot of money by taxing the difference.  Scherkingshon, a Chinese analyst, thinks that the rules clearly reflect the principle of maintaining pressure on the property market, which is limited to ordinary houses, but has the greatest impact on non-ordinary residences. He gave the reporter a sum, with a set price of 1 million yuan, first-hand transaction price of 700,000 of the property as an example, if this set of property within 5 years of ordinary housing, then according to the difference of 300,000 Yuan Levy 5.5%  The business tax is 16,500 yuan, assuming that this property belongs to 5 years of non-ordinary residential, in accordance with the full 1 million yuan for personal income tax 55,000 yuan, than before to pay more than 38,500 yuan. A recent data released by Chain House property shows that the sales tax rules are the biggest hit on fast-forward and short-term purchases of non-domestic homes. For example, at present, Beijing more than 140 square meters of second-hand housing transactions accounted for about 14%, of which five years in the large type accounted for more than 8%. According to the regulations, the residential district building capacity rate of 1.0 (including) below, a single set of building area of 140 (including) square meters above, the three ring to four ring between more than 1.75 million yuan/set, three rings within the total price of more than 2.15 million yuan/set, between the four rings to five rings more than 1.65 million yuan/set, more than 1 million yuan outside the five rings/  The housing units are not ordinary dwellings. The long-awaited austerity policy, carefully analyzed, is not that tight.  And speculation is not the same as the Ministry of Land Bulletin, does not seem to let developers really Khanyi, which "warning development enterprises in accordance with the actual development capacity of rational access to land, timely development and utilization of" the term is more inclined to docile.  Policy intent financial commentator Ma Guangyuan said that the sales tax rules are in line with the previous State Council "state four" mentioned in the use of technical means to differentiate between the improvement of real estate and investors thinking.  So there is the idea of maintaining pressure, in the end what is the intention? Zhang Chenghui, deputy director of the Financial Research Institute of the Development Research Center of the State Council, said that 2008 many real estate developers capital chain is very tight, many almost to break off, according to normal law, the industry is about to enter the integration period.  But as a result of the financial crisis, a series of stimulus policies to save some of the companies that are going bankrupt is not a good thing in the long run. A person at the Bank of communications said that for the housing market is unlikely to dose now, the direction of monetary policy in 2010 will be asAvoid a 2009-year rise in asset prices.  The central bank recently denied news that "two mortgages are about to progress to 50%", the central bank official said recently, this is not the central bank's announcement, no comment on this. "The nature of the housing policy change is the centre's choice between housing prices and economic recovery, so it is not possible to refuel the door and slam the brakes."  "says an analyst at Guotai. A person from the Ministry of Homeland told reporters that the current housing regulatory policy is clearly the middle line between house prices and economic recovery. The policy trend boils down to increase supply, ensure rigidity and improve sexual demand, depress investment speculative demand, stabilize the local bubble of first-tier city house price, support two or three-line city urbanization. Most of the property market policies in the future will be within the above mentioned.
Related Article

Contact Us

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.

A Free Trial That Lets You Build Big!

Start building with 50+ products and up to 12 months usage for Elastic Compute Service

  • Sales Support

    1 on 1 presale consultation

  • After-Sales Support

    24/7 Technical Support 6 Free Tickets per Quarter Faster Response

  • Alibaba Cloud offers highly flexible support services tailored to meet your exact needs.