Real estate keywords for 8 consecutive years

Recently, the notice on some issues concerning the pilot project of levying house property tax on some individual houses in Shanghai (hereinafter referred to as the notice) has triggered a continuous “fermentation” of discussions on house property tax. Real estate tax concerns everyone’s vital interests. Some scholars believe that the possibility of introducing property tax in the next five years is very high, and the conditions for introducing property tax are now available. Experts from the Academy of social sciences have also suggested the introduction of property tax during the “14th five year plan”. The release of the notice can be said to trigger the social sensitive nerves and cause a variety of interpretations.

Real estate keywords for 8 consecutive years

Shanghai part of the individual housing levy property tax policy has been pilot for ten years, the official release is to continue the pilot or formal new deal? We don’t know. However, as a first tier city, Shanghai’s policy direction undoubtedly plays a role as a weathervane, which makes it more attractive.

 

At present, the property market in the first and second tier cities still shows no sign of cooling down. In November last year, there was also a “new fever” in the property market in the first and second tier hot cities. National Bureau of statistics data show that the first tier cities appear “end of the year” market, the price rise is relatively large. Recently, some cost-effective new buildings and high-quality school district houses have also become the main driving force of the price rise in the first tier cities.

 

For reducing and stabilizing house prices, many experts, scholars and officials have proposed to levy property tax. In December last year, Huang Qifan, vice president of the China Center for international economic exchanges, once said that the best way to reduce house prices is to collect taxes, real estate taxes, and taxes for people with multiple houses. But at the same time, he pointed out that we must grasp the threshold and exemption area. In November last year, the article “establishing a modern fiscal and taxation system” written by Minister of Finance Liu Kun talked about further improving the modern taxation system. He said that in the future, real estate tax should actively and steadily promote the legislation and reform of real estate tax in accordance with the principle of “legislation first, full authorization and step-by-step promotion”.

 

The introduction of real estate tax has been brewing for many years since the pilot of real estate tax on some individual houses in Shanghai 10 years ago and the subsequent promulgation of the Interim Regulations on real estate registration. In 2011, when Shanghai and Chongqing were experimenting with real estate tax, the author wrote an article “what is the significance of the real estate tax pilot” and said, “another potential purpose of the pilot real estate tax is to collect real estate retention tax to change the local government’s dependence on” land finance “. Getting rid of the dependence on “land finance” is conducive to the healthy development of the real estate market in the long run, but the tax transformation of local governments must be carried out simultaneously with the reform of the land system. The author believes that we should take the pilot real estate tax as an opportunity to promote the financial disclosure of local governments, promote public supervision channels, and promote the transformation of local government functions while promoting the tax transformation of local governments. This is the greatest significance of the pilot real estate tax. ”

 

Property tax has become the key hot word of real estate for 8 consecutive years. Why do people pay so much attention to property tax? The reason is that the property tax is closely related to every resident who holds real estate. According to the data of the central bank, the current housing ownership rate of urban residents in China is as high as 96%, and the tax policy undoubtedly has an impact on the majority of people who account for 96%. At present, there is a strong voice for the introduction of real estate tax, and the individual interpretation caused by it also brings a lot of anxiety to the public. Huang Qifan mentioned that “the starting point and exemption area must be grasped”, and the author agrees very much. Scientific setting of the threshold and exemption area will benefit the majority of the working class. At the same time, it is also conducive to expanding domestic demand and consumption growth to a certain extent. There is no new trend in the implementation of real estate tax. We look forward to the release of authoritative interpretation to dispel public concerns and promote the healthy development of the real estate market.

2 thoughts on “Real estate keywords for 8 consecutive years

  • We use eight key words to sum up the real estate market, although it is hard to avoid missing a million, but also can be a glimpse.

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