China Financial Daily

Property taxes since 2012, the pilot implementation of a pilot or a fixed first-tier cities
Recently, the Ministry of Finance at the seminar on local tax reform, the official said, as part of the reform of local taxes, property tax pilot project launched in 2012. As the nationwide implementation of the pilot’s difficult real estate taxes, the pilot started from individual cities, but did not disclose the pilot cities.

China Economic Times reporters to Jia Kang, director of the Institute of Fiscal Science, confirmation, but he has not responded. Now the message has not officially confirmed.

Real Estate Tax delayed until 2012 to implement, and start pilot cities to start, although the number of interviewed expressed the real estate industry did not know. But they generally agreed that the current situation from our point of view, real estate tax deferred until 2012 to implement, is it more reliable for. In addition, the pilot cities are likely to choose the city from the line.

At present, China is in control of the sensitive stage of the real estate, the property tax information is often “a ripple.” Real Estate Finance, Xiamen University, Director of the Centre Guo Xiaowu reporter’s interview, said that regulatory policies in each stage has its own priorities, introduction of real estate taxes on the property market is now less favorable regulation, may disrupt the idea of government regulation.

Although the property tax deferred message has not been verified, the market has begun to respond. As the news reduced the control policy on real estate property market is expected to pressure plate. To July 22 A shares close, rose to 2.44% real estate section, in addition to slightly Guanghua Holding and a few individual stocks, the hundreds of individual stocks are to rise close, deep property daily limit. Leading real estate company China Vanke rose 2.58%, Poly Real Estate climbed 4.48%.

CSC real estate analyst Ying Chen in the interview with this reporter that the property tax levy time postponed, the original bad expected to become slightly better, the real estate segment is expected from the previous oversold condition revised upwards. But this does not mean that the property market regulation and control policy to relax, just a short-term good news.

Chen Ying, the implementation of property tax is a historical trend, from a technical point of view and the Government on all aspects of preparation for the implementation of property tax in 2012 than it is now be ideal.

The choice of pilot cities, Ying Chen believes that Shanghai, Beijing and Shenzhen, the possibility of relatively large first-tier cities. The main purpose of the implementation of property tax is to curb housing prices, first-tier cities the problem particularly severe. Property rights recognized in these cities, statistical standards, such as property tax levy rate of technical issues and the preparation work they are relatively mature, and therefore more likely to be elected.

Guo Xiaowu also agree. He believes that the development of first-tier cities will be to limit the scale of new land supply is limited. The city’s local government the urgent need for a replacement for “Land Finance” means the income of the emergence of the property tax just to meet the requirements. As for the land expansion is a larger space, the city much financial pressure, the Government’s property tax initiative would not be too high.