A: The Ministry of Finance's Notice of State Taxation Administration of The People's Republic of China City, People's Republic of China (PRC) on Tax Policies Related to shantytown renovation (Caishui [20 13] 1 0/No.) stipulates that from July 4, 2013, shantytown renovation can enjoy the following preferential tax policies: (1. Exempt from stamp duty related to the purchase of resettlement houses by management units, developers and individuals who decorate resettlement houses. In supporting the construction of resettlement houses in commercial housing and other development projects, according to the relevant materials issued by government departments, the compensation agreement for house expropriation (demolition) or the shantytown renovation contract (agreement), and according to the proportion of the construction area of the renovated resettlement houses to the total construction area, urban land use tax and stamp duty are exempted. (two) enterprises, institutions, social organizations and other organizations to transfer old houses as renovation and resettlement houses, and the value-added does not exceed 20% of the amount deducted from the project, shall be exempted from land value-added tax. (3) If the business management unit repurchases the allocated resettlement houses and continues to use them as resettlement houses, the deed tax shall be exempted. (4) The deed tax shall be levied at the rate of 1% for the first time that an individual purchases a renovated resettlement house of less than 90 square meters; The purchase of more than 90 square meters, but in line with the standard of ordinary housing renovation resettlement housing, according to the statutory tax rate levied by half deed tax. (five) individuals who have obtained monetary compensation for the expropriation of houses and used it for the purchase, decoration and resettlement of houses, or who have exchanged property rights for the expropriation of houses and obtained decoration and resettlement of houses, shall be exempted from deed tax in accordance with relevant regulations. Personal compensation for demolition obtained by individuals shall be exempted from personal income tax in accordance with relevant regulations.
Article 6 of the Notice of the Ministry of Finance, People's Republic of China (PRC) and State Taxation Administration of The People's Republic of China, on Tax Policies Concerning the Renovation of Shanty Towns (Caishui [2013]10/No.) stipulates: "Shanty towns refer to areas with a large number of houses, simple structure, high building density, long service life, incomplete use functions and poor infrastructure, including urban shanty towns and state-owned industrial and mining shanty towns. Shantytown renovation refers to the renovation project included in the shantytown renovation plan or annual renovation plan approved by the provincial people's government; The transformation of resettlement houses refers to the compensation agreement for house expropriation (demolition) signed by the relevant departments and units with the shackled households or the shantytown renovation contract (agreement) explicitly used for resettlement of houses to be expropriated or implemented through renovation, expansion and renovation.