China Implements Tax Policies to Revitalize Real Estate Market

New measures include tax cuts and incentives to support housing needs and ease financial burdens on real estate companies.

The Ministry of Finance announced tax cuts on deed and value-added taxes to support housing transactions and improve market conditions.
Real estate companies will benefit from a reduced minimum prepayment rate for land appreciation tax to help alleviate financial challenges.
Homebuyers in major cities like Beijing and Shanghai will see unified deed tax rates, encouraging both first-time and second-home purchases.
Sellers could gain from exemptions on value-added tax for properties owned for over two years, particularly in key urban areas.
These policies are part of broader efforts to boost economic activity and address the prolonged housing slump affecting China's GDP.