Chongqing levy property taxes on the premises of the business impact of geometry

 According to media reports today, 9 from Chongqing City, Chongqing Mayor Huang Qifan in the government work report,

The news was reported in the industry and the whole society immediately attracted wide attention and heated debate. Chongqing levy property taxes on business premises, whether the effects of geometry?

For the real estate industry, real estate tax levy will be the type of industry's future product development, object oriented, geographic, etc. play a guiding role. Real estate tax is not just for the real estate business, as well as on the buyers guide and expand the tax base for local role. Ministry of Finance has agreed in principle to the introduction of high-grade commercial property taxes in Chongqing, the specific implementation plan by the local government and submitted to the Ministry of Finance for the record.

the case all over the country are too different, the full introduction of the current housing, the purchase of shop premises, the behavior of the real estate speculations levy property taxes, gain experience and then gradually into the country. Regulation in the context of the current real estate, real estate tax levy for the short term prices may not have a big impact.

compared with the first-tier cities, Chongqing, the performance of the real estate market has been steady, prices are not soaring. So the property tax reform, mainly based on improving the local tax system, rationalizing central and local financial institutions to consider. Of course there is the market in general highly anticipated real estate tax, property tax levy that would release part of the stock of housing, increasing the market supply, regulating housing allocation. Some financial experts believe that the introduction of short-term property tax would have a material impact the market, especially for potential investors and has invested more housing units have a greater impact for investors, thereby inhibiting investment demand, but the impact how much will have to see specific introduction of the tax rate and tax conditions.

I think that property tax levy beginning in the incremental approach will be difficult to reduce the levy, the levy of the tax rate will not be too high, may be about 1% of the demand and selling second-hand housing market behavior of the real impact of limited directly suppress the role of house prices is limited. If the extent to which affect the price, depending on how the levy, whether to take on different suites of different tax rates, but overall, the psychological impact is greater than the actual impact, and impact will be temporary and limited. But in the long run, on people who purchase real estate and certain habits and change and influence. (Lian Army)