热点追踪丨专家解读个人销售住房增值税调整

Core Viewpoint - The new tax policy on personal housing sales, effective from January 1, 2026, aims to reduce the tax burden on sellers and stimulate the real estate market by lowering the VAT rate for properties held for less than two years from 5% to 3% and exempting properties held for two years or more from VAT [1][4][5]. Group 1: Policy Changes - The VAT rate for personal sales of properties held for less than two years is reduced from 5% to 3% [4]. - The policy eliminates distinctions between ordinary and non-ordinary residential properties and unifies the VAT policy across different regions in China [4]. - The adjustment aligns with the simplified VAT calculation method stipulated in the new VAT law, emphasizing the importance of legal tax collection and simplification of tax policies [4]. Group 2: Market Impact - For a property sold at 5 million yuan, the VAT payable decreases from 238,100 yuan to 145,600 yuan, resulting in a reduction of 92,500 yuan, benefiting both sellers and buyers [5]. - The policy is expected to lower transaction costs for second-hand homes, enhancing market stability and increasing demand, thereby improving the supply-demand relationship in the real estate market [5]. - The adjustment is part of a broader trend of easing real estate tax policies to support housing consumption and respond to residents' housing needs [9]. Group 3: Broader Context - The recent adjustments in real estate tax policies, including VAT, deed tax, and personal income tax, reflect ongoing efforts to support housing consumption and lower transaction costs [9]. - The changes are consistent with the central government's economic work meeting directives aimed at enhancing policy foresight, targeting, and coordination to expand domestic demand and optimize supply [9].