Home 禄 Business 禄 Real Estate
Chongqing tweaks tax on luxury properties
By Cherry Cao |
00:56 UTC+8 January 11, 2013
|
Print Edition
Print Edition
CHONGQING has levied a property tax on new residential properties priced at more than 12,779 yuan (US$2,028) per square meter since January 1, the city's housing watchdog said yesterday.
The threshold before the tax was imposed was 12,152 yuan per square meter last year.
Chongqing is one of two cities on Chinese mainland that has implemented a property tax trial since early 2011 as part of the central government's efforts to rein in housing speculation and cool the overheated property market.
Chongqing's tax only targets luxury properties with a rate of between 0.5 and 1.2 percent.
Luxury properties refer to stand-alone villas and residential developments which cost double the city's average new home price registered over the past two years.
Shanghai's property tax targets newly-purchased homes by families who already have one or more homes at a rate of either 0.6 percent or 0.4 percent depending on the house price.
The threshold before the tax was imposed was 12,152 yuan per square meter last year.
Chongqing is one of two cities on Chinese mainland that has implemented a property tax trial since early 2011 as part of the central government's efforts to rein in housing speculation and cool the overheated property market.
Chongqing's tax only targets luxury properties with a rate of between 0.5 and 1.2 percent.
Luxury properties refer to stand-alone villas and residential developments which cost double the city's average new home price registered over the past two years.
Shanghai's property tax targets newly-purchased homes by families who already have one or more homes at a rate of either 0.6 percent or 0.4 percent depending on the house price.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
