Sunday, February 17, 2013

The State Council: The tax policy of house consumption will be finished as soon as possible

The State Council: The tax policy of house consumption will be finished as soon as possible
The standing meeting of the State Council held on the 14th has proposed ten jobs that will pay special attention to at present, among them refer to " Accelerate discussing and making the tax policy of guiding personal house consumption rationally " .
"I think there may two kinds of taxes, house property tax widelied spread before one is, the basis is " provisional regulations of house property tax of the People's Republic of China " that the State Council issued of 1986, the residual value after 10%- 30% is calculated and pays according to subduction of initial value of house property according to the house property tax. The house property is hired out, the taxing basis taking house property rental income as house property tax; Another adjustment that is other tax policies, including relevant policies such as contract tax, business tax,etc.. " Analyst of real estate trade Wang BinQing of the securities says century in this way when being interviewed by reporter.
"I think two kinds of taxes are possible, and is mainly for the second apartment. " He further explains, but because the house property tax is collected every year, so with disposable link collection to trade such as contract tax, business tax, unfavorable to the house holder and shift the tax revenue to bear.
Two tax of respect these can can let high room rate " Lower the temperature " ,Wang BinQing thinks, if the house property tax can be implemented, the effective improvement house owner holds the cost of the house, for inhibiting speculativeness and investment house-purchase demand, inhibiting the too fast rise of the room rate will have certain function.
The tax Liu Huan, Vice President of institute of Central University of Finance Economics thinks, the existing tax system reform is mainly two respects: On one hand housing and land tax, increase the clause, on the other hand it is a consumption tax, increase the tax items.

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