Ministry of Finance and State Administration of Taxation, Circular on Revising Tax Policies on the Real Property Trading Sector

财政部、国家税务总局关于调整房地产交易环节税收政策的通知

November 10, 2008 | BY

clpstaff &clp articles &

Curbs on property transactions lifted.

Clp Reference: 3220/08.10.22 Promulgated: 2008-10-22 Effective: 2008-11-01

Issued: October 22 2008
Effective: November 1 2008

Main Contents: Deed tax shall be uniformly reduced to 1% on an interim basis for individuals who purchase ordinary residential premises of 90 square metres or less for the first time. On an interim basis, stamp duty shall be waived for sale or purchase of residential premises by individuals and land value-added tax shall also be waived on sale of residential premises by individuals (Articles 2 and 3).

clp reference:3220/08.10.22promulgated:2008-10-22effective:2008-11-01

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