Property tax Levy commercial real estate first, this year's speculators need to be cautious

"Property tax may suppress speculative demand, but the underlying factor affecting property prices is supply and demand."　　Yelled for six years property tax mood? Author: Tao Recently media reports, the tax department this year will carry out a nationwide real estate simulation tax assessment. This news to "idling" 6 years of long property tax again become a hot topic of concern. But then there were "pundits" who rejected the levy of a property tax this year. It seems that the news of the levy of property tax this year is still a myth.　　However, some experts said that although the residential property tax on a number of technical issues still do not have the tax conditions, but "this year is likely to first target commercial property." "Idling" to "real" property tax still no timetable it is understood that the property tax "idling" work in some areas of the pilot for more than 6 years.　　The so-called property tax simulation "idling" means that although there is no actual tax, but all steps are the same as the real tax process, by the financial sector, the real estate sector and the Land Management department to participate in the statistics of the number of properties, and assessment and tax statistics. It is understood that the State administration of taxation in a recently convened a working conference, the arrangement of this year's property behavior tax levy related work, and the work of more than 10 points to discuss. In addition, the meeting also explained the problems about the nationwide real estate simulation assessment and the application of tax assessment technology to the tax price of real estate transactions. This is the property tax "idling" pilot work for more than 6 years, the tax department in the levy of property tax a big step.　　Many people believe that the possibility of levying a property tax in some cities this year is very high. However, a media interview with "people close to decision-making" said, "the central government has made it clear that the short-term property tax will not be introduced." In this way, the property tax has become even more confusing. Liu Huan, a professor at the Central University of Finance and Economics, said: "The possibility of levying a nationwide property tax this year is not large, but it is possible to levy on commercial property in local areas."　　"Another source said that at present, Beijing and other land has done a real-estate tax" scheme, and Shenzhen has also introduced the levy of property tax "Shenzhen comprehensive reform three years (2009-2011 years) implementation of the programme of work schedule." Business first implementation impact not too big Xiaohua, deputy director of the Treasury's tax administration, said last month that after more than 6 years of mock assessment trials, a property tax based on assessed values was technically feasible. According to the introduction, the concept of property tax reform is "overall design, step-by-step implementation."　　Liu Huan said that the government's idea of levying a property tax was the first step to imposing a property tax on commercial property, and the second step was to extend the levy on housing, in which the taxes on non-domestic and ordinary dwellings were in order. It is understood that the current commercial property tax categories are mainly property taxes and land value-added tax. According to the regulations, the property tax according to the real estate residual value of the annual tax rate of 1.2%, according to the rental income of the tax rate is 12%, the land value-added tax is a four-level progressive tax rate, the highest of 60%. Industry insiders, commercial propertiesWhen the main tax is changed to the property tax, the total amount of levy will not change too much.　　At the same time, the real estate valuation, the tax subject statistics can also follow the original tax statistics, there is no technical obstacles. A developer in Guangzhou said that the property tax is only implemented in commercial real estate, the overall impact on the property market is relatively small, because the current commercial real estate and residential property is basically two systems, mutual impact is small. But within commercial real estate may have some influence on the business model of the developer. At present, developers of commercial properties are generally divided into their own holdings and sale of the type. If the developer holds, the property tax is not very different from the previous tax and has little impact.　　If the sale, the buyer or because of the existence of the property tax to reduce or give up the purchase, this may bring the product backlog of developers, or forced to become their own. The house is still unknown. Although the property tax is expected to start from commercial property first, but the transition to residential property is the general trend. The point is, the real estate tax in the end how to collect, is still an unknown problem. It is understood that in the property tax "idling" pilot period, the property tax levy scheme is the original land use tax, real estate tax combined levy. The land use tax is levied by area.　　There are two modes of property tax: If a house is a home, 1.2% of the property is levied on the basis of 70% of the appraisal price of the property, and if the property is leased and invested, a 12% property tax is levied on the basis of 18% of the return on investment. "Although there is no technical problem with the property tax, the reality in China determines that there are many details of the operation." Zhongyuan Real Estate related Personage said, "For example now has the ordinary commercial housing, but also has the safeguard room as well as the housing reform room, the public housing, the demolition house and so on, these rooms how distinguishes the taxation is one question". In addition, the incomplete registration information, how to assess the value of the property, and how to connect with the existing tax and fee system will probably take a long time to solve these problems.　　It is reported that prior to the relevant departments proposed "New approach, old House" solution, home buyers have paid a one-time price and related tax issues, in its land tenure period using differential tax rates. Although the Housing property tax is inconclusive, the general public, suffering from the high prices of high-rise buildings, has regarded the property tax as a "panacea" to curb prices.　　Many people believe that the introduction of property tax will increase the tax burden of the real estate sector, reduce investment and speculative demand, thus curbing the rise in house prices. However, one personage in the industry said that the function of property tax is to ensure revenue rather than regulate property prices. And in foreign countries, most of the property tax as the main body of local taxes, the main role is to protect local revenue, there is no regulation of real estate prices success stories.　　"Property tax may suppress speculative demand, but the underlying factor affecting property prices is supply and demand," a Guangzhou developer said, "Do not put the price on the property tax." Links: See how other jurisdictions levy property taxes in Singapore: Property taxes are taxes on all properties, including government volunteered.　　Since the housing property tax rate is 4%, the other types of property tax rate is 10%. South Korea: In 2007, South Korea's property taxes and comprehensive land tax amounted to 30% of the total property value.　　If the second set of properties is sold, the tax rates add up to 50% of the total value of the property, and the third set of properties is 60%.　　Taiwan, China: According to the standard of property tax, 144 square meters of housing, the annual levy of taxes about the total price of 0.8%~1.5%. Hong Kong, China: property tax is levied every year, in terms of assessable value, if the landlord has no other income other than the rent, the annual rent is the assessable value. If the owner of the property is a body corporate, it may apply for the rent to be regarded as the company's business receipts, exempt from the property tax and levy profits tax.　　At present, the property tax rate is 15%. Canada: The government levies 100% of the property.　　For those with two homes, they are also taxed at high rates, and they have preferential treatment for themselves, veterans, the elderly and the disabled.　　France: The government collects the property tax in the form of an annual land tax. US: Property taxes are paid to the state Government every year after owning a property.　　The state rates vary by the 1%~2% between the value of the property. Australia: The government is charged according to 0.3%~1% based on the floor area of the house and the value of the house assessed annually.