Press "Enter" to skip to content

China’s top cities lower some home transaction tax rate

China's top-tier cities recently lowered some transaction tax rate for home sales after several local governments' moves to loosen real estate controls, sparking stronger expectations for more policy relaxation in the sector.

Property agencies in Shanghai including Centaline Property said last week that they have been notified by the authority to lower some home transaction tax rates. The VAT additional tax rate on home purchases was lowered to 6 per cent from previous 11 per cent and stamp tax rate was reduced to 0.025 per cent from 0.05 per cent.

According to local property agencies, the . . .

To continue reading, please subscribe:


We highly value independence. Yuan Talks is solely funded by subscriptions from thousands of intelligent readers like you. 

Not satisfied with general information that you can get everywhere? Join us now! We go deeper to bring you details, data and perspectives you won't read elsewhere!

What you'll get:

  • In-depth & data-driven reporting on China's economy and financial markets
  • Daily Brief newsletter delivered before market open every weekday. You don't have to spend time to source information about this market. We do it for you! You only need to spend 10 minutes every day to read our newsletter! 
  • Exclusive interviews with China experts. We find you insights you should never miss!
  • Conference calls and events. Nothing is better than talking to newsmakers, experts and reporters directly, right?


Already have an account? Sign In