Third Round Of The Property Market Regulation And Control Of Second-Hand Housing Pactions Business Tax Levy In Full

January 26th evening news third wave

Restriction policy expansion

In April and September last year, the State Council's 2 round of regulation and control policies suppressed the excessive price rise, but the prices in some regions continued to rise. Especially after September, the price continued to rise for 4 consecutive months.

The 8 new policies announced today are the most stringent policy portfolios in China in recent years with real estate regulation policies, which involve government regulation, financial policies, paction taxes and fees, land pactions, housing supply and so on.

In accordance with the requirements of the State Council, municipalities directly under the central government, planned cities and provincial capitals, and cities with high housing prices and too fast rises must strictly formulate and implement measures to restrict the purchase of housing within a certain period.

In principle, 1 households are not allowed to purchase 1 households with local household registration, who can provide certificates of local tax certificates or social insurance contributions. They have to purchase 1 housing units, and have non resident household families who have 2 or more houses, 1 families and above houses, and those who are unable to provide certificates of local tax certificates or social insurance contributions.

Beijing Zhongyuan Real Estate Zhang Dawei told Sina Financial analysis that the nationwide implementation of the purchase of local household registration households with 2 or more housing units is more stringent than the regional purchase restriction policies implemented before Beijing.

This is only a matter of checking new stocks, and strictly implementing them will effectively curb demand.

It may obviously affect the market paction after February.

At present, nearly 30 cities across the country have implemented the purchase restriction policy.

The general consensus of market participants is that the restriction policy will continue to tighten, and the scope is likely to expand from 30 cities to more than 60.

Two suites raised to 6.

In terms of credit policy, the State Council has asked to raise the down payment ratio of second suites to 60%, and strictly enforce 1.1 times interest rates.

Zhang Dawei told Sina Financial analysis that the above policies will effectively curb speculative purchases, while avoiding the risk of financial institutions.

In addition to raising the two home down payment ratio and interest rate level, Zhang Dawei expects the preferential interest rates of the first suite in some cities may also be abolished.

Take Beijing as an example. Recently, because of the tightening of loan amount of commercial banks, some of the first suites can only follow the benchmark interest rate, while the two suite is a 1.3 times interest rate.

The State Council also calls for strengthening supervision and inspection of commercial banks' implementation of differentiated housing credit policies, and seriously handling irregularities.

But Yang Hongxu, Minister of the comprehensive research department of Shanghai Yi Ju Real Estate Research Institute, does not seem to see that the rate of credit increases is small. It is only 10% of the two suites raised. The key is to see the details of the central bank, the CBRC and the enforcement of commercial banks.

Less than five years of real estate pfer business tax levied in full

In addition, according to the State Council's policy of adjusting the personal pfer of housing business tax policy, the individual should purchase the housing for less than 5 years, and levy a full tax on sales income.

"Compared with the previous implementation of the difference in sales tax, 5.5% of the total business tax makes the 5 year housing re paction costs will rise significantly, will significantly curb excessive speculation."

In a 08 year 1 million purchase, now 2 million of the second-hand housing pactions in 5 years, before the need to pay 5.5% of the business tax in accordance with the difference, that is to pay 55 thousand, and later will be required to pay 110 thousand.

Under the strict investigation and resolutely blocking the loopholes in tax revenue, some second-hand houses may be doubled because of the tax avoidance.

In addition, the State Council also requires strict enforcement of the policy of individual pfer of real estate income tax.

We should strengthen supervision and inspection of land value-added tax collection and management, and focus on land value added tax liquidation and inspection for real estate development projects whose price is much higher than the surrounding housing prices.

Yang Hongxu, Minister of comprehensive research of Shanghai Yi Ju Real Estate Research Institute, said that a few cities such as Shanghai had issued detailed rules for the land value-added tax. It is estimated that the rules of the cities that will not be issued detailed rules will be issued. The personal income tax will be collected according to the total 1-3% of the paction. Next, the State Administration of taxation may ask all localities to levy 20% of the difference in price, that is to say, they should be expropriated strictly.

However, no information has been released about the official property tax levy in Shanghai and Chongqing on the hot market debate.