楼市重磅新政

Core Viewpoint - The Ministry of Finance and the State Administration of Taxation have announced new tax policies for the housing market, significantly reducing the value-added tax (VAT) for personal sales of residential properties based on the duration of ownership [2][4]. Group 1: Tax Policy Changes - For residential properties sold within two years of purchase, the VAT rate will be reduced from 5.3% to 3% [2]. - Properties sold after two years of ownership will be exempt from VAT [2]. - The new tax policies will take effect on January 1, 2026, and will replace previous regulations regarding the transition from business tax to VAT [4]. Group 2: Implementation Details - The announcement allows individuals who have not yet declared or paid VAT on housing sales before January 1, 2026, to apply the new tax rates as per the announcement [4].