支持居民换购住房个人所得税政策延续实施

Core Viewpoint - The Ministry of Finance, the State Taxation Administration, and the Ministry of Housing and Urban-Rural Development have announced a continuation of the personal income tax policy supporting residents in purchasing new homes, effective from January 1, 2026, to December 31, 2027, aimed at improving housing conditions for residents [1][2] Group 1 - The policy allows taxpayers who sell their own homes and purchase new ones within one year to receive a tax refund on the personal income tax already paid on the sale of their current home [1] - If the purchase price of the new home is greater than or equal to the selling price of the current home, the entire amount of personal income tax paid will be refunded; if it is less, the refund will be proportional to the new home's purchase price relative to the selling price [1] - This policy has been extended twice since its initial implementation in October 2022, indicating a sustained supportive direction from the policy level [1] Group 2 - The continuation of this policy is expected to reduce transaction costs for homebuyers, significantly releasing potential demand at the market entry threshold [2] - The policy requires that both the sold and newly purchased homes be within the same city, defined as all administrative divisions under the jurisdiction of the same municipality or provincial-level city [2] - The selling price of the current home is based on the market transaction price, while the purchase price for new homes is determined by the price stated in the housing contract filed with the housing and urban-rural development department [2]