二手房交易，重大利好！

Core Points - The announcement outlines the new value-added tax (VAT) policy for individuals selling residential properties in China, effective from January 1, 2026 [2] - Properties purchased for less than 2 years will incur a VAT at a rate of 3% upon sale, while properties held for 2 years or more will be exempt from VAT [2] - The previous regulations regarding the transition from business tax to VAT will be repealed simultaneously with the new policy [2] Summary by Categories - Policy Changes - Individuals selling residential properties purchased for less than 2 years will be required to pay a VAT of 3% [2] - Sales of residential properties held for 2 years or more will be exempt from VAT [2] - Implementation Timeline - The new VAT policy will take effect on January 1, 2026 [2] - Prior to this date, individuals can apply the new regulations for any VAT that has not yet been declared or paid [2] - Regulatory Context - The announcement also indicates that the previous business tax regulations will cease to be effective as of the implementation date of the new VAT policy [2]