Core Viewpoint - The Ministry of Finance, the State Taxation Administration, and the Ministry of Housing and Urban-Rural Development announced a tax refund policy for individuals selling their own homes and purchasing new ones within one year, effective from January 1, 2026, to December 31, 2027 [1] Summary by Relevant Sections - **Tax Refund Policy**: Individuals who sell their own homes and buy new ones within one year will receive a tax refund on the personal income tax paid on the sale of the original home. If the new home purchase amount is greater than or equal to the sale amount, the entire tax paid will be refunded. If the new purchase amount is less, the refund will be proportional to the new purchase amount relative to the sale amount [1] - **Eligibility Criteria**: To qualify for the tax refund, the taxpayer must sell and purchase homes within the same city. The seller must be directly related to the new home purchase, being the owner or one of the owners of the new property [1] - **Documentation Requirements**: Taxpayers must provide valid sale and purchase contracts and any other materials required by the tax authority to process the tax refund. The tax authority will review these documents before issuing the refund [1] - **Information Sharing Mechanism**: Local housing and urban-rural development departments are required to establish an information-sharing mechanism with tax authorities to ensure timely access to housing transaction contract information, including any cancellations. Areas without real-time information sharing must develop a system to ensure tax authorities can obtain necessary information for refund processing [1]

Core Viewpoint - The announcement from the Ministry of Finance, State Taxation Administration, and Ministry of Housing and Urban-Rural Development extends the personal income tax policy supporting residents in purchasing new homes, effective from January 1, 2026, to December 31, 2027 [1] Summary by Relevant Sections - Tax Refund Policy: Taxpayers who sell their own homes and purchase new homes within one year of the sale will receive a tax refund on the personal income tax paid on the sale of the current home [1] - Refund Conditions: If the purchase price of the new home is greater than or equal to the selling price of the current home, the entire personal income tax paid will be refunded. If the new home purchase price is less than the selling price, the refund will be proportional to the new home purchase price relative to the selling price [1] - Definition of Prices: The selling price of the current home is defined as the market transaction price, while the purchase price for new homes is based on the price stated in the housing contract registered with the housing and urban-rural development department [1]

Core Viewpoint - The article discusses the extension of personal income tax policies to support residents in purchasing housing, effective until December 31, 2025, allowing for tax refunds on previously paid taxes when selling and repurchasing homes within a year [13]. Group 1: Policy Details - 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 paid during the sale [15]. - Eligible taxpayers must sell and repurchase homes within the same city, which includes all administrative divisions of the same municipality or prefecture-level city [16]. - The refund amount is calculated based on the ratio of the new home purchase price to the selling price of the old home, multiplied by the personal income tax paid during the sale [17][18]. Group 2: Application Process - Taxpayers must apply for the tax refund at the tax authority that collected the personal income tax from the sale of the old home [23]. - Required documents for the application include the taxpayer's ID, the sales contract for the old home, and the purchase contract for the new home, along with relevant property certificates [24]. - An example illustrates the refund calculation based on different scenarios of home sale and purchase prices, demonstrating the application of the policy [25][26].

Group 1 - The article introduces a series of promotional and educational products called "First Lesson for New Businesses" aimed at helping new taxpayers understand tax matters and procedures [2] - It emphasizes the importance of using the national standardized electronic tax bureau for tax-related processes [5] - The article outlines the features of the "Taxpayer Interaction Service," including intelligent consultation, human interaction, and the ability to leave messages or make appointments for assistance [5] Group 2 - The article discusses a tax refund policy for individuals selling their homes and purchasing new ones within a specified timeframe, specifically from October 1, 2022, to December 31, 2025 [10] - It details the conditions for tax refunds, including that the sale and purchase must occur within the same city and that the taxpayer must be directly related to the new property [14][15] - The policy is based on official announcements from the Ministry of Finance and the State Taxation Administration regarding support for residents purchasing new homes [18]