Personal housing transfer Business tax policy adjustment less than 5 years will be the full levy

BEIJING, December 23, the Ministry of Finance State Administration of taxation, the latest release of the notice said, since January 1, 2010, individuals will purchase 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. The above standards for ordinary and non-ordinary housing, the specific procedures for tax exemption, the time to buy a house, invoicing, the difference tax deduction vouchers, non-purchase form to obtain housing and other related tax regulations, in accordance with the "State Council forwarding Ministry of Construction and other parts of the work on the stability of housing prices," notice (Kwok　　[2005]26), the State administration of Taxation of the Ministry of Finance to strengthen the management of real estate tax notice (national tax issued [2005]89 number) and the State administration of taxation on the implementation of real estate tax policy on several specific issues of the notice (IRS issued [2005]172 number) of the relevant provisions of the implementation. In addition, in order to maintain the normal fiscal and taxation order, the notification requirements, all over the strict clearance of real estate related to the ultra vires tax relief, to clean up the problem, to be corrected immediately.