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    Shanghai Strictly Implements The Purchase Restriction Policy &Nbsp, And The House Tax Is Blocked.

    2011/7/27 14:46:00 35

    Shanghai Purchase Restriction Policy

    There is a flexible way to buy property orders in the property market. It is almost an open secret in the industry. In Shanghai, the "one-off" payment of personal income tax for one year is an excuse for the restriction order.

    This is a policy "door gap", but it was later squeezed into a "big hole": 50% of the buyers in the field are buying houses by paying personal income tax.


    In July 26th, according to relevant media reports, foreigners are buying houses in Shanghai to circumvent the restriction policy, and even if they make a personal income tax for one year, they can not pfer pactions.

    It is reported that Shanghai Real Estate Trading Center has begun to implement the policy.


    Many people in the industry say that this is aimed at suppressing the property market in other parts of the country.

    Speculator

    The policy is actually strictly implemented in Shanghai.

    Purchase restriction order

    "Once again".


    The alternative is no longer flexible.


    In February of this year, the Shanghai municipal government issued a "purchase order order", which stipulates that non Shanghai residents in Shanghai must show the one-year tax proof issued by the financial and tax departments of Shanghai.


    But in fact, many outsiders who have lived for less than a year will buy a one-off personal income tax in order to buy houses in Shanghai.

    Such a "flexible approach" was once "acquiescence" in the real estate trading center.


    Recently, however, Shanghai District Real Estate Trading Center has received the notice issued by the Shanghai housing security and Housing Authority on strengthening the regulation of commodity housing sales in the city and strictly implementing the housing restriction policy.

    The notice clearly stated that non Shanghai household residents should purchase personal income tax payment vouchers for housing purchase, and the declaration date of personal income tax must be consistent with the "12 months' cumulative payment within 2 years from the date of purchase."

    It is revealed that the policy is implemented simultaneously in Shanghai's Yishoufang and second-hand housing market.


    Reporters learned that before this, the intermediary companies will generally find the agent for the purchase of the company to pay taxes and fees, and charge a certain agent fee, a tax return to prove that a collection of about 2000 yuan, almost all buyers will accept.

    However, insiders pointed out that the current tax returns and normal tax receipts do not differ from the surface. How to identify the real estate trading centers and how to implement them is also a problem. There are policies and countermeasures.


    Unavoidable breach of contract


    "At present, outsiders purchase the first suite in Shanghai is not affected by the above new policies, but if you have a suite under your name, and you want to buy second suites, the real estate trading center is not approved."

    Yesterday, Shanghai home and real estate brokerage firm Fushan Road Branch Manager Liu Jindong accepted "international finance daily" reporter interview.


    Liu Jindong told reporters that at present, Shanghai Pudong, the original Luwan, Putuo three area trading center first explicitly halted the outsiders to buy a house to pay tax bills, many intermediary companies in the past few days are rushing to hand in the paction of customers as soon as possible pfer, catch the policy "edge ball" the last train.


    Liu Jindong told reporters that according to his estimate, about 50% of the foreign buyers in the Shanghai market are buying houses by paying personal income tax, so the implementation of this policy has been squeezed.

    demand

    "Add insult to injury".


    What is even more annoying is that as a result of the purchase of personal income tax, the purchase of the house itself has drilled the loopholes of the previous purchase order and is not protected by law.

    Therefore, for buyers who have signed a purchase contract and intend to make pactions through this way, if they fail to reach a consensus with the landlord and postpone the paction, they will face a breach of contract.


    Property market volume or steep decline


    Shanghai property market "restriction order" once again overweight, the property market volume will certainly be affected.

    Some intermediaries are outspoken. Many customers may choose to wait and see for a while.


    Zhongyuan Group Research Center believes that since the real estate market in China's two or three tier cities is at different stages of development and has different market structures, the restriction policy should not be "one size fits all", and different measures should be taken for different cities.


    "Restriction is an old topic, but new ideas continue."

    Yang Hongxu, Minister of comprehensive research of Shanghai Yi Ju Real Estate Research Institute, told reporters in the "international finance daily" that under the suppression of the next round of restriction policy, the investment and speculative demand of the city will shrink sharply.


    "Market"

    cooling

    It is already a foregone conclusion. In some cities with housing bubble, house prices will drop to a certain extent.

    However, after all, the restriction is a powerful drug that the state must not take. It is only temporary expediency. As long as the regulation effect is good, the price can drop to a reasonable level, and it should stop.

    Yang Hongxu told reporters.


     
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