The IRS Said It Would Not Levy Taxes On Ordinary Housing Temporarily.

According to the source, the property tax expansion plan reported by these cities is mainly aimed at high grade housing and multiple housing units, which will not levy taxes on ordinary housing temporarily, and will not increase the tax burden on ordinary people.

Chongqing, Shanghai and other reported property tax expansion plan, mainly for high-end residential and multiple housing.

An authoritative source of the State Administration of Taxation recently revealed that the departments concerned have received real estate tax schemes in Chongqing and Shanghai, but are still in the discussion stage, and there is no timetable yet.

According to the source, the property tax expansion plan reported by these cities is mainly aimed at high grade housing and multiple housing units, which will not levy taxes on ordinary housing temporarily, and will not increase the tax burden on ordinary people.

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Previously, some local property tax schemes have also disclosed the idea of taxing the above property types and buying houses.

Huang Qifan, mayor of Chongqing, said in June 8th that housing prices in Chongqing were basically reasonable. Chongqing would not levy property taxes on all commercial housing units. The property tax is currently considering only targeting high-end housing. The specific plan is to charge 1% of the property tax on the "high priced housing" with a price higher than the market average price of 3.

The Beijing authorities also suggest that property tax or property tax be levied on research of multi housing and high-end housing, and property tax or property tax should be levied on idle property.

The source pointed out that Chongqing, Shanghai and other cities have a high enthusiasm for the introduction of the tax protection scheme for housing tenure, mainly through tax revenue to curb speculative investment demand, especially to curb the demand for external housing.

"But to curb excessive demand, we need to do a lot of things, not just tax policies."

The person stressed.

There are many problems to be considered in the introduction of the real estate tax scheme. We should consider not only the effectiveness of the regulation after the introduction of the policy, but also whether the plan is reasonable, whether there will be a collection and management of dead ends, and whether the cost of taxation is too high.

"In the past, we have learned a lot. In order to regulate and control, we have issued some tax policies hastily, but in the end they have not worked and their revenues have not increased."

The person said that the property tax scheme has not been fully discussed and will not be easily promulgated.

This person believes that to distinguish between different housing needs a very large collection and management team, the definition of a suite, two suites and three suites is very complicated. Even though per capita area is calculated, we need to fully understand the structure of each family. "If these problems are not considered in the design plan, there will be many loopholes after the introduction, which will bring negative effects."

Since mid May this year, the discussion on property tax has not stopped. After the news of Shanghai's property tax levy, many kinds of voice about property tax have been heard frequently.

"At present, it is only speculation that the property tax is to be collected."

The source said.