Core Viewpoint - The Ministry of Finance, State Taxation Administration, and Ministry of Housing and Urban-Rural Development announced the extension of personal income tax policies supporting residents in housing exchanges from January 1, 2026, to December 31, 2027, providing tax refunds for individuals selling their homes and purchasing new ones within a year [1] Group 1: Policy Details - The policy allows for full tax refunds on personal income tax for individuals whose new home purchase amount is greater than or equal to the selling price of their current home [1] - If the new home purchase amount is less than the selling price, the tax refund will be proportional to the new home purchase amount relative to the selling price [1] - Eligible taxpayers must sell and purchase homes within the same city and must be directly related to the new home purchase [1] Group 2: Market Impact - The policy is expected to lower the cost of changing homes and stimulate demand for improved housing [1] - In 2025, the proportion of demand for improved housing reached 36.1%, with "sell one buy one" exchanges accounting for 70% of this demand [1] - The extension of the policy is anticipated to alleviate concerns regarding transaction taxes for those looking to upgrade their homes, maintaining high demand levels into 2026 [1] Group 3: Broader Implications - The policy aims to facilitate a smooth transition from old to new homes, promoting a healthy circulation between the primary and secondary housing markets [2] - Predictions indicate that the national second-hand housing transaction area may reach 800 million square meters in 2026, potentially surpassing new home transactions for the first time [2] - There is an expectation for the continuation of local supportive policies, such as housing subsidies and deed tax reductions, to create a comprehensive policy synergy covering transactions, financing, supply, and demand [2]
支持居民换购住房 个人所得税政策延续实施
Xin Lang Cai Jing·2026-01-14 20:45