First set of mortgage 70 percent interest rate unchanged small displacement vehicle purchase tax rises to 7.5% next year. Premier Wen Jiabao 9th presided over a State council executive meeting to study and improve several policy measures to promote consumption. It was noted that policies to promote consumption must be further strengthened, that most of the existing policies would continue to be implemented, and that in order to further strengthen consumer support for farmers and the needy, the necessary adjustments and improvements should be made to some policies in accordance with economic restructuring and environmental protection requirements. Interpretation of a purchase tax policy: no time limit from 2 years to 5 years "personal housing transfer business tax exemption from 2 years to 5 years, other housing consumption policies continue to implement." "In a series of policies that continue to spur consumption yesterday, only the rules of the property deal release a tightening signal," he said. At the end of last year, the State Council studied the deployment of policy measures to promote the healthy development of the property market in order to stimulate demand. The sales tax on housing transfer is tentatively implemented for one year. Among them, the current individual purchase of ordinary housing for more than 5 years (including 5 years) changed to more than 2 years (including 2 years) transfer, exempt from the business tax, the person who buys the ordinary housing less than 2 years transfer, by the full amount of its transfer income tax, the change according to its transfer income minus the difference of the original price of the purchase of housing levy business tax. Sales tax general and education fees attached to the levy, the tax rate accounted for 5.5% of the total price of housing, in the second-hand house transaction costs, sales tax accounted for the largest share. Affected by this year's stimulus policy, as of this November, Beijing second-hand housing network signed a breakthrough of 30,000 sets, surging to 31288 sets, the chain rose as high as 56.35%, the highest record since the signing of the net. Accounts: A set of the original purchase cost of 600,000 yuan, to 1 million of the sale price of ordinary housing, the need to pay the business tax. Intervention has a concession after the cancellation of not more than 2 years (1 million-600,000) x5.5%=2.2 million 22,000 3-5 years without taxes and fees 22,000 more than 5 years without tax and fee-free range: preferential cancellation involving capital 40% housing data show that the current second-hand market holdings of 3-5 of the total number of houses accounted for 40%, Intervention's second-hand commercial housing transactions over a 3-5-year period are more sensitive to the adjustment of the business tax policy. I love my family Deputy general manager Hu Jinghui said that in the short term, the business tax levy free time tightening, will effectively curb the investment and speculative purchase demand, so as to curb second-hand housing prices too fast rise. Impact: Investors at the end of the year or the current sell-off of the U.S. joint property market Research director Dawei that the cancellation of business tax concessions, the impact will be more than the history of all the regulation, the end will appear centralized transfer tide, can be expected in December will be a continuous deal in a single day breakthrough 2000 sets of second-hand housing, or even break through 3000 sets of historical records. However, many intermediaries believe that the implementation of a "double-edged sword" function of the business tax policy, in the play to curb speculative speculation in the house, but also to crack down on the sale of people's confidence, "or postpone the sale of time, or willTaxes passed on to the buyers, the final reflection to the second-hand housing market is to reduce the availability of housing, or house prices will continue to rise. "Relevant aspects of the implementation of the specific content of the housing personal transfer of housing business tax relief from January 1, 2010 onwards personal housing transfer business tax exemption period from 2 years to 5 years. Consumer Policy The first set of mortgage interest rate 70 percent discount to continue to implement commercial personal housing loans to the lower limit of interest rate to expand the loan benchmark rate of 0.7 times times, the minimum first payment ratio is adjusted to 20%. Temporary exemption from the imposition of stamp duty on individuals for the first time to purchase 90 square meters and the following ordinary housing, the tax rate temporarily reduced to 1%; The motor vehicle purchase tax adjustment continues to be implemented until the end of 2010 to extend the 1.6-liter and below-vehicle purchase tax reduction by 7.5% to the end of 2010. The relevant policy of the car with the old exchange to continue to implement the end of 2010, the standard of cycling subsidy to $5000 to $18,000. Car to the countryside continue to implement until December 31, 2010 to extend the car to the countryside policy extension to the end of next year, has been included in the car subsidy channel to the countryside Motorcycle policy implementation to January 31, 2013. Interpretation of two automobile consumption policy: Auto purchase tax concessions continue to the end of next year, the levy from 5% to 7.5% background: The purchase tax cut small displacement sales hot this year, the car market continues to be hot, small displacement car purchase tax cut preferential policy work. The association said that the 1.6-liter and the following vehicles were driven by national policy, the cumulative sales to the entire automotive market in November to 85%, most varieties appeared a car difficult to find situation. And the market share of small-footprint passenger cars rose from 62% last year to 69.7% this year. "Originally did not intend to buy, but heard that the purchase tax to continue to be tempted." Mr. Tan told reporters. His favorite model is the Skoda 1.6L Standard version of the Sharp, "although the discount rate is reduced, but the heart is acceptable." "Impact: Early next year is expected to buy a small peak of the current car purchase tax extension, will continue to stimulate car consumption." "Car analyst Shaolin said that the previous period of time the purchase tax policy is not clear, prompting many people eager to catch up with the policy of the" last Bus ", leading to many best-selling models in short supply, but due to tight inventory, many consumers can not at the end of the premise car to cancel the purchase plan. Now the policy continues to the end of next year, will stimulate this part of the desire to buy a car, although the levy from 5% to 7.5%, but the relative buyers still have a strong appeal, is expected next year tangled a small car peak. Accounts: to the Skoda 1.6L standard version as an example: 5% levy of an acquisition tax of $5600 according to 7.5% acquisition tax 8400 yuan (more than 2800 yuan) policy: the old replacement cycle subsidy from 3000 to 6000 to 5000 yuan to 18,000 yuanImpact: Speed up old car scrap pull new car consumer experts believe that the increase in subsidies can promote the scrap speed of old cars, which will help improve the driving environment, air quality, but also to promote the consumption of new cars. The main reason for this policy's slow progress has been the low subsidy standards. In addition, the car to the countryside policy continued, Changan automobile and SAIC-GM Wuling is the biggest beneficiary. The data show that in October this year, SAIC-GM Wuling Rose 65.7%, a total of 841,700 vehicles, Changan micro-car growth of 82.82%, a total of 575,000 vehicles. "Sales of micro-customers have been slow from 2004 to 2008, but they have sold 1.96 million vehicles so far this year, and the forecast policy has driven 800,000 of them." "Dongyan, executive vice president of the Chinese Automobile Association, said that this pull effect is expected to continue to reflect next year." Policy: Continue to interpret three other offers it is understood that home appliances with the old for the past six months of time successfully triggered a boom in home appliances. For example, the National Day Golden Week, home appliances stores generally harvested more than 100% of the performance growth, half of the sales by the "Old for new" contribution. Home appliances to the countryside also stirred the rural household appliances consumption demand. Ministry of Commerce statistics show that the first half of this year home appliances to the countryside completed 16.2 billion, by October, the cumulative increase to 50.8 billion sales. In addition to home appliances to the countryside, with the old for new policies continue to implement, next year will continue to implement the policies are: agricultural machinery purchase subsidy policy, the appropriate increase in the size of subsidized funds, continue to implement the energy-saving products Huimin project, increase the efficiency of lighting products to promote the promotion of energy-saving and new energy vehicles demonstration pilot cities expanded from 13 to 20, 5 cities were selected to subsidize private purchase of energy-saving and new-energy vehicles, and the implementation period of the policy of supporting difficult enterprises to pay social insurance fees, reduce some insurance rates, provide relevant subsidies and re-employment tax concessions for laid-off workers and the social insurance subsidy policies for flexible workers was extended for 1 years.
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