日韩午夜精品视频,欧美私密网站,国产一区二区三区四区,国产主播一区二区三区四区

Tools: Save | Print | E-mail |
Income Tax Cuts in for Second-hand Houses
Adjust font size:

China will launch its compulsory collection of individual income tax for second-hand housing transactions next Tuesday, China Business News reported.

 

The State Administration of Taxation issued a notice Wednesday ordering local taxation authorities to collect a 20 percent income tax upon individual housing transactions. It also asked the local taxation officials to handle the collection together with other taxes collected in the transactions.

 

Though the government has already issued policies on the collection, local taxation authorities have not forced sellers to pay it, but instead have authorized them to return the tax by themselves, Dong Pan, head of the real estate research institute in Beijing Normal University, told the newspaper.

 

The notice allows deductions and exemptions. Sellers of budget houses and privatized public apartments can enjoy a refinishing deduction, which is up to 15 percent of the original price of the house. For others, the maximum deduction for refinishing is 10 percent.

 

To implement the preferential clauses, the notice also adjusted policies and made clear definitions on different housing types. The seller of an old home, who plans to buy a new one, may enjoy a full deduction or part of it, which depends on the gap between the price of the new house and the selling price of the old house. To enjoy the rebate, people also have to buy the new house within one year after they sell the previous one.

 

There is a conflict between the notice and the central government's policies to develop the second-hand housing market, Dong said.

 

It may block the transaction of those newly bought apartments and cause a surge in Beijing's 2006 second-hand housing transaction prices, said Luo Yu, head of the market department of a Beijing real estate agency. About 1 percent surge on average, he added.

 

(Shanghai Daily July 29, 2006)

Tools: Save | Print | E-mail |

Comment
Username   Password   Anonymous
 
China Archives
Related >>
- Second-hand Housing Takes New Direction
- Gov't to Reduce Income Gap Through Reform: Officials
- Cash Income of Chinese Farmers Up 11.9%
- Gov't to Levy Assets Transfer Tax
Most Viewed >>
- White paper on energy
- Endangered monkeys grow in number
- Yangtze River's Three Gorges 2 mln years in the making
- The authorities sets sights on polluted soil
- China, US benefit from clean energy

Product Directory
China Search
Country Search
Hot Buys
主站蜘蛛池模板: 松江区| 邻水| 海口市| 望都县| 海林市| 琼结县| 金昌市| 正镶白旗| 丁青县| 揭西县| 黄冈市| 长沙县| 彭水| 威远县| 万安县| 礼泉县| 海林市| 汕尾市| 清苑县| 舒城县| 蓬安县| 静宁县| 兴城市| 松溪县| 翁源县| 瑞金市| 那坡县| 独山县| 府谷县| 彭州市| 凯里市| 深圳市| 南开区| 聂荣县| 墨竹工卡县| 勐海县| 丰都县| 胶州市| 美姑县| 西乌| 峡江县|