Shanghai Municipality, Circular on Issues Relevant to the Levy and Exemption of Land Value-added Tax on the Transfer of Non-ordinary Residential Premises by Individuals

上海市关于个人转让非普通住房征免土地增值税有关问题的通知

September 02, 2007 | BY

clpstaff &clp articles

Land value-added tax levied to cool down the property market in Shanghai.

Issued: June 12 2007

Main Contents: Article 1 of the Circular states that ordinary residential premises must fulfil all of the following criteria:

(1) the floor-area ratio of the housing estate is at least 1.0;

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