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Tax official of the Ministry of Finance: Public rental housing is exempt from property tax for three years.
In order to accelerate the development of public rental housing, China will continue to give assistance to the construction and operation of public rental housing from 20 16 1 month to 20 1 81February 3 1 day.

According to the latest Notice on Preferential Tax Policies for Public Rental Housing issued by the Ministry of Finance and State Taxation Administration of The People's Republic of China, China will exempt the land used during the construction of public rental housing and the land occupied after the completion of public rental housing from urban land use tax; The public rental housing management unit shall be exempted from the stamp duty involved in the construction and management of public rental housing.

For public rental housing management units to purchase housing as public rental housing, deed tax and stamp duty shall be exempted; Both parties to the public rental housing are exempt from stamp duty involved in signing the lease agreement; Enterprises, institutions, social organizations and other organizations that transfer old houses as public rental housing, and the value-added amount does not exceed 20% of the amount deducted from the project, shall be exempted from land value-added tax.

Enterprises, institutions, social organizations and other organizations that transfer old houses as public rental housing, and the value-added amount does not exceed 20% of the amount deducted from the project, shall be exempted from land value-added tax. Enterprises, institutions, social organizations and other organizations donate housing as public rental housing, which conforms to the provisions of tax laws and regulations, and the part of their public welfare donation expenditure within 12% of the total annual profit is allowed to be deducted when calculating the taxable income.

The two departments have made it clear that the housing rental subsidies received by low-income housing security families from local governments that meet the requirements stipulated by local governments are exempt from personal income tax; The public rental housing is exempt from property tax. The rental income obtained from operating public rental housing is exempt from business tax.

Public * * * rental housing refers to the government's investment and policy support, limited Taoxing area and affordable housing provided to eligible families according to preferential rent standards. The rent level of public rental housing is higher than that of low-rent housing and lower than that of commercial housing. It is affordable housing in nature, but it is different from the low-rent public housing under the welfare system and the staff quarters of enterprises. From the perspective of * * *, it belongs to a form of low-rent housing, but the scope of protection is wider and the coverage is wider, including not only local low-and middle-income families, but also new employees and migrant workers, which may be further expanded in the future. A large-scale increase in public rental housing can divert a considerable part of the demand for housing, reduce the pressure on supply and demand of commercial housing, and thus stabilize housing prices. At this stage, although the scale of construction is still relatively small, it can play a role in stabilizing expectations, avoiding a large number of demands from entering the market and gaining time for the regulation of the property market.

(The above answers were published on 2016-02-11.Please refer to the actual situation for the current relevant housing purchase policies.)

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