Property Tax Is Fully Launched &Nbsp; The First Suite Does Not Levy Property Tax.

On the 23 day of the first Western Finance Forum International Capital Forum held in Chengdu, Jia Kang, director of the Ministry of Finance and finance, said that the introduction of the real estate tax has been "monthly calculation". The existing information indicates that the property tax will not be levied on the "first suite", and the investment house will become the target of property tax control.

According to local media reports in Chengdu, Jia Kang said at the meeting that the final time from the real estate tax will not exceed one year.

The Levy of property tax is to set up a system framework to fill the tax measures lacking in property preservation.

For the Shanghai and Chongqing version of the real estate tax plan widely distributed on the Internet, Jia Kang said he did not grasp the relevant circumstances, but the real estate tax will start from the first tier cities.

But property tax will not be levied on the first suite.

According to reports, Jia Kang said that as the property tax legislation process is relatively long, so first launched the property tax.

Property tax is a new type of tax. It needs a long legislative process to launch.

According to the foreign practice, property tax should be raised according to the value of property.

China's real estate tax was introduced in 1986, and it is exempt from all non business premises.

The property tax is currently taxed on the basis of the remaining value of the property or rental income.

The first step in property tax reform should be to collect property taxes for all personal housing.