Notice of the Ministry of Finance and the Ministry of Housing and Urban-Rural Development of State Taxation Administration of The People's Republic of China on Adjusting the Preferential Policy of Deed Tax Business Tax in Real Estate Transactions (Cai Shui [2016] No.23);

I. Deed tax policy

(1) Deed tax shall be levied at a reduced rate of 1% for individuals who purchase the only family house (family members include the purchaser, spouse and minor children, the same below) with an area of 90 square meters or less; If the area is more than 90 square meters, the deed tax shall be levied at the reduced rate of 1.5%.

(2) Deed tax shall be levied at a reduced rate of 1% for individuals who purchase a second family improved house with an area of 90 square meters or less; If the area is more than 90 square meters, the deed tax shall be levied at a reduced rate of 2%.