China Financial Daily

Shanghai Real Estate New Deal will be the first to introduce real estate tax: 70 square meters per capita threshold
Minimum threshold to 70 sq m. per capita rate of 6

A ripple.

May 31 property tax outside the industry once again become a topic of focus. Network news, according to the Chinese government, the State Council’s Development and Reform Commission, “on the deepening economic reforms in 2010 focused on the views of the work.” “Views” clearly, step by step real estate tax reform. This makes property tax levy expected once again heating up. According to people familiar with the “Economic Information Daily” said the Shanghai version of the property market regulation is expected to announce details of the recent, much-anticipated property tax provisions are likely to contain them.

Shanghai E-House Real Estate Research Department Yang Hongxu Synthetical accepted “economic information daily,” a press interview that the “opinions” clear “property tax”, then the relatively clear definition, either property tax or real estate tax Although it is called different, but most refer to the links of real estate holding tax, being, very clear. That still need to study this year to adjust property tax.

Shanghai’s employment will be promulgated within the disclosed control rules of the local consulting Yanghong Xu’s view Yanghong Xu said, “The recent introduction of local control possible Shanghai rules, property taxes may be reflected in the rules.” If so, Shanghai has become the The first launch of the revised property tax city. But that is short-term, temporary measures, to curb speculative demand, stable prices, as Beijing “restriction”, as some parts of the country temporarily to allow some of the limitations introduced the provisions of investment demand, which control same origin policy.

Yang Hongxu analysis, Shanghai is very likely the first of the residential tax increment, the majority of owner-occupied housing (such as within the exemption provisions of 70 square meters per capita, we can protect the original of a small two bed, now a junior new purchase room to improve the sexual needs of persons), for the time being would be exempted and the tax rate will be lower, 6 so appropriate.

According to informed sources, the property tax may also be made for non-local accounts, and less than a certain number of years Shanghai residence permit charge buyers.

Yanghong Xu told the reporter, not a comprehensive adjustment of the national situation, local, or you can pilot. Property tax is the one where taxes, property taxes two years in the case of the State Council had the administrative regulations, local governments need only be submitted to the State to approve the pilot. It also means that property tax is difficult to introduce this tax year, in this case is to make property tax adjustments, the related tax base, tax rates extended to the area of housing.

Chan Kwok-keung, vice president of China Real Estate Association accept the “Economic Information Daily” reporters, also said that property taxes can be said is long overdue in this control means, all previous studies, and prepare for a very long time, “step by step real estate tax reform “of the Central have already had a clear position, then the introduction of individual property tax the city can be said is a matter of course.

For the understanding of these situations, “Economic Information Daily” Shanghai Municipal Housing Authority’s office to the relevant parties of the confirmation. The journalists who did not comment on the news, but told reporters: “If this information is made public by some means.”

Keung that this round of tax measures in the control means can be said is “not issued guidelines” to “ready to come out.” Chongqing’s foreign trade had property is particularly concerned about the special consumption tax, but in Chongqing Gongbu of Juti Diaokongzhengce not seen in the relevant provisions, and Beijing, Shenzhen, Guangzhou and other hot spots the city’s property market Tiaokongxize Jun Yi announced, it does not include this provision. Therefore, outside the industry in Shanghai will introduce the relevant provisions of particular concern to real estate tax. “No matter how the coverage of the tax rate to all will invest in speculative demand very good inhibition, help local governments get rid of the ‘Land Finance’ over-reliance on real estate market is conducive to healthy development.” Keung added.

However, there are some property tax levy of tax experts the practical effect of caution. “Expand the scope of property tax levy, in the short term may be on the curb excessively rapid rise in house prices of some use, but long term, the role is being reduced.” Yang Zhiyong Chinese Academy of Social Sciences researcher of Finance and Trade accepted, “Economic Information Daily” When interviewed by reporters.

Taxation Institute of Capital University of Economics Executive Director Yun Ding also believes that the use of tax measures to regulate the housing market, increasing the cost of holding housing, will certainly affect the market. However, the property tax revenue and other related role is limited, may be more of a psychological effect, can not be overestimated tax revenue in the role of housing market regulation.

Yang Zhiyong warned that, if the introduction of personal use residential real estate tax, double taxation issues must be considered. Part of real estate development transactions, personal home actually take a great deal and supporting infrastructure and public services related to tax. “Residential property tax and personal impact is large, we must consider the social impact of new taxes, can not care to open up. In recent years, ‘was upgrading can’ the event of many, even the low tax rate, individual residents are corresponding ability to pay is a problem. ”

Beijing Technology and Business University, School of Economics, Finance Director, Tax Research Center, Li You-yuan pointed out that the tax involved in social and economic aspects of life, in a part of the tax levy can not stay in one part or stage, will certainly be extended to other stages, affecting the economy all aspects, so, introducing new taxes or policies should be carefully adjusted it carefully.