Core Viewpoint - The National Taxation Administration has clarified that taxpayers who meet certain conditions can enjoy personal income tax deductions for housing loan interest when converting a second home loan to a first home loan [1][3]. Group 1: Tax Deduction Eligibility - Taxpayers can only enjoy the housing loan interest deduction once [3]. - Those who have not previously enjoyed the housing loan interest deduction and have completed the "second home to first home" procedure can start enjoying the deduction from the month they begin repayment at the first home loan interest rate [3][6]. - Taxpayers who switch from commercial loans to housing provident fund loans can continue to enjoy the housing loan interest deduction, as long as the property remains the same [7][8]. Group 2: Policy Context and Market Impact - The policy is a response to previous measures such as "recognizing houses, not loans" and aims to alleviate the tax burden on homebuyers [17]. - The impact on the real estate market is relatively small, but it signals positive coordination among various policies and departments [3][17]. - The policy primarily benefits those who were previously classified as second homes due to historical loan records, allowing them to apply for first home loan rates and tax deductions [18].

Regulatory Changes - The Financial Regulatory Bureau has revised the "Management Measures for the Qualifications of Directors and Senior Management Personnel of Banking Financial Institutions," effective June 1, 2025, emphasizing proportional penalties and clarifying the impact of regulatory punishments on executives [1] - The revisions aim to enhance the responsibility of financial institutions, requiring them to improve the selection and appointment processes for senior executives [1] Housing Market Policies - The State Taxation Administration confirmed that individuals transitioning from a second home loan to a first home loan can enjoy special tax deductions on housing loan interest, as part of efforts to stabilize the housing market [2] - This policy is expected to reduce the financial burden on homebuyers and stimulate demand for existing home loan replacements, particularly benefiting developers focused on improving housing products in core cities [2] Corporate Developments - Ant Group's wholly-owned subsidiary, Shanghai Yunjin Information Technology Co., has made a tender offer to acquire 50.55% of the shares of Yau Tat Securities at HKD 3.28 per share, indicating a significant move by a tech giant into the brokerage sector [4] - This acquisition is anticipated to drive Yau Tat Securities' business growth and digital transformation, potentially reshaping its operational model and enhancing its service capabilities [4] Insurance Market Insights - The Hong Kong Insurance Authority reported that new premiums from mainland visitors reached HKD 62.8 billion in 2024, a 6.5% increase year-on-year, contributing to 28.6% of total new individual policy premiums [5] - The overall new policy premiums in Hong Kong's insurance industry reached a record high of HKD 219.8 billion, reflecting a 21.4% year-on-year growth, indicating a robust market environment [6]

来源|财联社 国家税务总局12366纳税服务平台近日以热点问题答复的形式，回应住房贷款利息专项附加扣除相关问题。 有购房者为这种情况：其用贷款买了一套住房，当年将该房屋贷款还清后置换了另一套住房，第二套房贷银行依旧给其的是首套房贷款利率，第一套 房时其已享受过贷款利息政策。 对于其第二套房贷利息是否可以再享受住房贷款利息专项附加扣除政策的问题，国家税务总局厦门市税务局回复，纳税人只能享受一次首套住房贷款 的利息扣除。 有购房者为如下情况：之前住房贷款是首套房贷利率，并享受了住房贷款利息专项附加扣除。《关于降低存量首套住房贷款利率有关事项的通知》发 布后，其作了"贷款置换"并新签了贷款合同，新贷款仍享受首套房贷利率。但政策规定纳税人只能享受一次住房贷款利息专项附加扣除，请问"贷款 置换"后其是否还能继续享受住房贷款利息专项附加扣除。 对此，纳税服务平台回复，此种情况可以享受住房贷款利息专项附加扣除。纳税人按照《关于降低存量首套住房贷款利率有关事项的通知》规定进行 存量住房贷款置换的，由于置换前后纳税人的住房仍为同一套，可以继续享受住房贷款利息专项附加扣除。 "事实上，引发市场关注的这项措施，并非新的政策。住房贷 ...

Core Viewpoint - The new policy allows homebuyers to convert their second home loan interest rates to first home loan rates, enabling them to benefit from tax deductions on mortgage interest if they meet specific criteria [1][2]. Group 1: Policy Changes - The "recognizing house but not loan" policy was implemented to stabilize the housing market, allowing families without complete housing to apply for loans as first-time buyers regardless of previous loan history [2]. - The People's Bank of China initiated a wave of interest rate reductions for existing first home loans, encouraging borrowers to switch from second to first home loan rates [2]. Group 2: Tax Deduction Eligibility - Homebuyers who have converted their second home loans to first home loans can enjoy a tax deduction on mortgage interest, provided they have not previously claimed this deduction [1][3]. - The tax deduction allows for a maximum of 12,000 yuan per year for up to 20 years, significantly benefiting eligible borrowers [1]. Group 3: Application Process - Taxpayers can report their mortgage information through the personal income tax app to claim the mortgage interest deduction, which can be applied during regular withholding or annual tax settlement [3]. - The tax authority clarified that taxpayers can continue to enjoy the mortgage interest deduction even after switching from commercial loans to housing provident fund loans, as long as the property remains the same [4]. Group 4: Marriage and Tax Deductions - In cases where both partners had separate loans before marriage, they can choose to split the deduction or allow one partner to claim the full deduction while the other does not [5].