Property Tax Will Expand To &Nbsp Nationwide; Provincial Governments Will Be Held Responsible For Their Poor Work.

The relevant ministries and commissions recently promulgated Measures to consolidate the real estate market regulation results and promote real estate.

Property tax reform has gradually extended to the whole country.

The relevant ministries and commissions recently promulgated Measures to increase the implementation of the macro-control policies and measures in the real estate market. We should immediately study and formulate detailed rules for the implementation of the document No. 2010 [10].

The areas that have issued detailed rules for implementation shall be adjusted and improved according to the policies and measures promulgated recently by the relevant ministries and commissions of the state.

Cities with high housing prices, rising too fast and tight supply must limit the number of households to buy houses in a certain period of time.

The Ministry of housing, the Ministry of land and the Ministry of supervision decided to assess and accountability the provincial people's government's efforts to stabilize housing prices and housing security.

If the implementation of policies is not in place and the work is not effective, interviews should be held until accountability is taken.

We will accelerate the pilot work of property tax reform and gradually expand it to the whole country.

We should intensify the inspection of the housing market, and investigate and prosecute brokers' speculation, drive up house prices and encourage customers to sign "yin yang contract".

All localities should intensify the supervision and assessment of the actual completion of housing construction plans and land supply plans in 2010, and earnestly implement the medium and small-sized general merchandise housing and affordable housing construction plans and land supply plans.

Two suites down payment not less than 50%

According to more clearly differentiated housing policy, the central bank and the Banking Regulatory Commission require all commercial banks to suspend the purchase of third or more housing loans by residents, and to suspend the purchase of housing loans for non local residents who do not provide certificates of proof of local taxes or social insurance contributions for more than one year, and to strictly enforce the provisions of not less than 50% of the first payment, and 1.1 times the interest rate of loans, for families who purchase second housing loans.

In addition, the central bank and the Banking Regulatory Commission explicitly require commercial banks to strengthen the management of consumer loans and prohibit the use of housing.

Commercial banks will stop issuing new development loans and loans for real estate development enterprises with land idle, changing land use and nature, delaying completion time, and selling illegal sales.

Commercial banks that do not conscientiously implement differentiated credit policies have been seriously dealt with.

The central bank and the Banking Regulatory Commission also requested that the real estate development enterprises continue to support the demand for loans at low price, medium and small-sized commercial housing projects and participation in affordable housing projects.

Financial institutions are encouraged to support the construction of affordable housing projects, and to formulate a medium and long-term loan policy to support the construction of public rental housing.

Personal business housing tax concessions tighten

According to the notice issued by the three sector, the real estate paction link tax policy, for individuals to buy ordinary housing, and the housing belongs to the family (including members of the purchase, spouse and underage children, the only housing), half the levy tax.

For individuals who purchase 90 square meters or less of ordinary housing and the housing belongs to the only family housing, the deed tax is reduced at 1% tax rate.

Those ordinary housing purchased by individuals shall not enjoy the above preferential policies if they fail to meet the above requirements.

Earlier, it was stipulated that individual purchase of ordinary residential housing could temporarily reduce the half levy tax.

The adjustment also involves preferential policies for personal income tax.

It is clear that taxpayers who sell their own homes and repurchase in 1 years will no longer reduce their personal income tax.

The notice requires that the collection organ should inquire about the taxpayer's tax payment record; if there is no record or record, there is doubt, according to the taxpayer's application or authorization, the real estate department can inquire the registration records of the taxpayer's family housing through the housing registration information system, and issue written enquiry results.

If no enquiry can be made to the family housing registration result, the taxpayer should submit a written guarantee for family housing to the collection authorities.

If the trustworthiness guarantee is not true, it belongs to the false tax declaration, and is dealt with in accordance with the relevant provisions of the law of the People's Republic of China on tax collection and administration.

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Expert interpretation

The intensity is much stricter than before.

Beijing Zhongyuan three level Market Research Director Zhang Dawei believes that this rule once again reiterates that all localities should strictly implement the "Ten States", and urges all localities to introduce detailed rules for implementation. For the first time, it is the first time to propose that "the cities with high housing prices, too fast rising and tight supply" must be more stringent than ever before.

For the first time, the new deal referred to the conduct of brokers' speculation, the promotion of housing prices and the encouragement of clients to sign "Yin Yang contracts".

Compared with the new deal in April, the policy rules are refined, and the rules are supplemented.

Take Beijing as an example, most of the second-hand housing paction tax is only 50% of the actual tax payable.

Once the new deal is fully implemented, the secondary speculators will face the high cost of real estate speculation.

For developers with illegal records, the new deal is once again strict.

To combat foreign investment speculators

Yang Hongxu, Minister of the comprehensive research department of Shanghai Yi Ju Real Estate Research Institute, said: "commercial banks are suspending the purchase of third or more housing loans by family members. The non local residents who can not provide certificates of local taxes or certificates of social insurance payment for one year or more will suspend their housing loans". These two are the national policy of one size fits all, no longer like the "Ten States", which only requires high prices and selective implementation of cities. This will help to curb speculative investment, especially in the field of investment speculators.

"For the purchase of commercial housing loans, the ratio of the first payment to 30% and above", the previous policy for the first time to buy 90 square meters of ordinary housing below the minimum down payment can be 20%, now cut across the board, must be more than 30%.

"Commercial banks should strengthen the management of consumer loans and prohibit the purchase of housing", which will effectively block the so-called "grey channels" that buy houses through consumer loans.

The regulatory target has shifted to the rigid demand group.

Fan Xiaochong, executive vice president of sun 100 group, believes that the change in the first payment to 30% indicates that the object of this policy adjustment has shifted from the investment group to the rigid demand group.

Since April, most of the investment buyers have left the market. Now the market players are just needed, especially the first home buyers.

To raise the down payment, on the one hand, the government is reminding that just need to purchase houses should have sufficient capacity and rationality. On the other hand, it is also strengthening financial risk prevention, and the risks of the down payment 20% and the down payment three are very different.

For temporarily unable to buy a house, the housing problem is mainly solved by public rental housing.

This shows that the government is gradually improving the construction of a rental and purchase combined housing system.

Zhang Dawei said that the total amount of loans for secondary housing and commercial housing accounted for 5-6.

Among them, the first suite accounted for 70% of the total number of loans, accounting for 4 of the total population.

This part of the population will need to increase 10% payments.

The new deal shows that the government is determined to control the property market.

In Fan Xiaochong's view, this policy is basically reaffirmed by the ten countries, and there are not many new policies, but it shows the government's determination to regulate the property market.

"From the form of policy to content presentation, it is very strong that the government's resolute determination to control the property market", "the recent market has questioned the effect of regulation and control, and once again become" air-conditioning "remarks, this round of policies is to completely eliminate these remarks, indicating that the government will unswervingly carry out the implementation of the property market regulation, will effectively curb the current market volume rise, the signs of rising housing prices in some cities.

Zhang Dawei believes that the second round of regulation is early arrival in anticipation of just demand, speculation and tenants and developers. Compared with the property tax before everyone expected, this policy still holds suspense, reserved the backhand, and all aspects are more stringent than the April policy. However, there are still several problems left, such as the execution time, the time limit for execution, and how to issue rules and regulations everywhere.

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Housing rental market prices are difficult to rise

Zhongyuan Real Estate three level Market Research Director Zhang Dawei believes that the new round of the new housing market impact is likely to change the psychological expectations of owners and buyers, and the policy referred to the deed tax, the amount of tax investigation and adjustment.

"The firm stance of the government will dispel some owners' intention to raise prices, while making some buyers who want to enter the market in the near future look again."

Therefore, Zhang Dawei believes that the market volume is likely to fall to the lowest level in the 6-7 months after the new deal, and the price should also have a downward trend again.

For the rental market, he believes that the gradual downward adjustment will be gradual. "At that time, people who buy houses will have to wait and see, but those who sell the house will not be able to sell, but the rent will be difficult to raise."

- stock market analysis

Real estate stocks face downside risks

This credit policy adjustment is basically the same as before the market rumors, real estate regulation "blockbuster" full debut, real estate stocks go from here?

Liu Jingde, deputy general manager of XinDa securities research and development center, believes that the introduction of this measure will strike a blow to the real estate stocks. In the short term, the real estate stocks will be further adjusted.

Especially since the beginning of this year, there has been no interruption in the regulation and control of real estate. Under the bombardment of a series of policies, the real estate sector has hardly any investment opportunities this year.

It is expected that the government and ministries and commissions will carry out detailed implementation of policies in the future, which will directly affect the future adjustment and duration of the industry.

Liu Jingde said that as a whole, the volume of trade volume has shrunk dramatically. The price adjustment depends on the overall state of the capital chain of developers and the situation of investment capital chain.

If the policy continues to be strictly enforced until the end of the year, prices will adjust to a certain extent.

From the perspective of plate investment, it is expected that after the adjustment of stock price, the investment opportunities will not come.

Another optimistic market analysts believe that the current valuation of the real estate sector is not high, coupled with the growth of performance determined that the drop in space has been very limited.

Therefore, the reason why real estate stocks haven't started in the past few months is actually looking for reasons for valuations.

With the current policy for the first suite, two suites and other policy "boots" landing, real estate stocks may usher in the policy to suppress the release of expectations, and then some performance.

Ms. Liu recently set a good house for her.

The house is 87 square meters, the unit price is twenty-seven thousand, because the loan policy stipulates that 90 square meters below can pay down 20%, 90 90 meters above the down payment must be 30%.

Through consultation with the bank, Ms Lau understands that because it is Beijing account and the first suite, it can make a down payment of 20%.

Ms. Liu is very anxious to hear that the new lending policy is to be implemented.

If the new deal is implemented, her Shoufu ratio will increase from 20% to 30%, which will increase by 235 thousand.

She is now most concerned about when this policy will be implemented, because she has signed a pre purchase agreement with the developer, paid 50 thousand deposit, and paid the down payment yesterday, but the loan procedure has not yet been finally approved.

Ms. Liu is not sure whether the new deal will affect her housing and loans. If there is any change, how can her rights be protected?