introduction:
The property is the other name of real estate (real estate), and the property tax refers to real estate tax. In different countries, the names are not the same. Some said "real estate tax", some are called "small tax", and some are called "property tax". Although the name is different, the content is basically consistent: First, the real estate, land combined, applies unified property tax; second, the taxation range includes both towns, including rural; three, based on assessment value. Property tax and income tax, value-added tax are called the three major main taxes of international pass. Property tax is mainly local taxes, income tax and value-added taxes are shared taxes based on central tax. Property tax can consider the subject tax of local government fiscal revenue, and must be unified by the central government. Different tax rates are implemented according to production and business houses and residential buildings, and the tax rate is specified. Local governments can determine the specific applicable tax rate in the local government in a unified specified tax rate. my country is about to begin to levy property tax, then what is its impact on my country's real estate industry? Definition of property tax:
Property tax is also known as "property tax" or "real estate tax", mainly for real estate such as land, housing, requires its owner or letenler to pay a certain tax every year, and the tax value increases with the appreciation of the property. Property tax evolution specific ways may vary from country to country, but the possibility of consolidating the current property tax, urban real estate tax, land value-added tax, and land transfer money, translates into real estate insurance presence, unified property tax That is to pay the tax before buying a house, and then pay the charge after year. Basic principles are, scientifically predict the overall size of the current real estate tax and real estate development and construction, making the overall size of the property tax are basically equivalent. The collection of property tax means paying a variety of taxes and fees that have been levied in the past. As a tax for real estate, its annual tax bill will change with the changes in the market value or rent. With the collection of property tax, it will definitely bring huge changes to my country's real estate. Specific impact on property tax
At present, there are two ways to levy in the real estate tax that have been levied in my country. Alternatively, it is levied by 12 percent of rental income, or is levied by one percent of the original price of the property. Send some tax preferential policies according to the local economic development situation. If you really want to underage taxes in the future, it is more appropriate to represent the existing market prices of real estate, more suitable for taxes for rent for property taxes. And the property is purchased, the property tax should not be levied again. Because of the current tax system, these taxes are purchased in the form of a house price. If there is a suspicion of repeated taxation, even if it is a house price, the rent has risen. Of course, in the case of the Ministry of Finance, the Taxation Administration has no exact news, all the specific implications of the property tax are just guess. Only the specific levy of the material tax is identified, and everything about its impact can be more accurate prediction. However, considering the international practice and the national conditions and characteristics of my country, the impact of the property tax will not change much, generally abide by international practice, just change it slightly according to the specific national conditions. Therefore, considering the current situation and international practices, we can still make the basic judgment of the impact of property tax on my country's real estate. The impact of property tax on the government
After the property tax is expected, the proportion of government fiscal, especially local governments will continue to increase. In order to increase fiscal income, the government will not let go of real estate tax while "staring" tax companies. In order to increase fiscal revenue, the government completely reasoning everything possible to improve the local environment, whether it is a hard environment or a soft environment. Only all aspects of the environment becomes better, people will live here. The more people living in the local area, the more property taxes, and individual income tax will increase, and the government's fiscal revenue will increase accordingly. Taking education as an example, the more rich the local government, the greater the rest of the improvement of the education conditions. The school is good, the teaching level is high, in order to make your child have been well educated, people are of course willing to live here. A result of rising popularity is that the price increases, the rich increase, and the government tax increases. The money in the government has become more, and the quality of education will continue to improve the quality of education, with higher salary, hire better teachers, build better schools, so they will attract more rich people, causing further increase in land prices. Further, the growth of taxes is then formed to form a benign cycle. Instead, a malignant cycle is formed. In order to avoid the emergence of vicious circles, the government will do everything possible to improve the local environment. Therefore, the collection of property tax, strengthened the government's tax revenue, providing the government's infrastructure investment, establish a perfect social security system, and actively exercising the functions of government service society, providing more fundamental funding, for the whole country The good development of the whole society has made a foundation. The development of economy and society will reverse the development of real estate, improve the people's living standards, and then form a benign circulation. Therefore, the collection of property tax has a positive significance for the government. The impact of property tax on real estate developers has the following influences of property tax on real estate developers: 1. Real estate development thresholds are lowered, and huge industry profits will attract many industries including private capital to enter the real estate development field, the developer is The cost of obtaining the development of land is much lower, and the huge profit space shown in these years will inevitably make more capital into the barrier, the strength of the industry will no longer be the focus of real estate enterprises. The average real estate industry Profits will be greatly reduced.
2, the real estate assessment industry will develop large-scale development, corresponding assessment, and regulations will put on the agenda according to international practice, due to levy property tax regularly to assess the use of land or real estate. Once the property tax is levied, my country's assessment industry is facing huge market demand, and the employment opportunities provided will also be expanded in geometric grade. How to regulate the behavior of the assessment industry to ensure the science of assessment, and the public is also facing a problem. 3. Avoid repeated taxation and avoid "policy negative assets"
For the owners who have real estate before the property tax reform, they have paid land prices and related taxes in the purchase price. If they also undertake property tax, then they belong to the obvious repetition taxation, which is with the country The relevant regulations are not adapted. The mainstream solution currently proposed is to take different tax rates and taxation methods for new homes and old rooms. 4, facilitating the market health development property tax will change with the change of land or real estate market, can be adjusted by the tax rate to regulate the frying, virtual and foam, etc. of the real estate market, and the restrictions on high-end properties can also be naturally adjusted. Reproduction the gap between the rich and the poor, and promote the development of social health and stability. 5, rent is expected to decline, investive purchase more rationally
The most powerful regulatory system for the collection of property tax, may still set the level in the final trading, ie not paying. This requires the establishment of a detailed housing information system, while requiring the existing tax management system for new reforms. 6, architectural design is more focused on the effective use of household area, and the real estate quality competition has increased from a certain point of view, and the collection standards of property tax have a certain relationship with the area or total price of the property. If a unified tax rate is used, the apartment area interval will be compressed in a range of features and prices. At the same time, due to the collection of taxes, the cost of living, the quality of the property will also become a hot spot in the real estate competition. For real estate providers, the collection of property tax also means that the burden of real estate developers will be further reduced, and the real estate market will further standardize. The burden of investment in real estate developers will be conducive to real estate trading to live existing assets and actively invest in construction. On the other hand, the pressure of bank credit will also be further alleviated. At the same time, the reduction in real estate investment threshold will help real estate developers to put more energy into the product quality competition of real estate itself, exacerbate competition. The collection of property tax is also conducive to reducing the gray ingredients of land transactions to further standardize the market. Therefore, the collection of property tax has active significance for real estate developers. The impact of property tax on consumers in accordance with my country's current land approval system, when purchasing homes, the price includes almost all taxes, while land prices and related taxes account for 50% of residential costs. If you pay for the property tax, you will have a decline in rents and taxes. Estimated, if the cost of building cost and other costs is reduced to abroad, the cost of construction costs will drop to 58 yuan / square meter. In theory, at least 10% -20% of purchase costs at least 10% -20% at this part of the purchase of new houses. For large cities of Beijing, Guangzhou and other land prices, the expedition of property tax is greatly reduced to reduce the development cost of residential buildings. Of course, new real estate tax methods may also lead to purchasers in the same year after the year, and it is possible to pay more than one-time payment. This situation will generate a "buying expensive". However, experts in the Development Research Center of the State Council said that in the future, the property tax will definitely combine the economic tolerance of buyers, which will not only increase the burden of residents, but also cause local governments to change its short-term behavior, more concerned about investment environment. Overall, the collection of property taxes will indeed reduce the threshold for consumers to buy a house in the early days, so that consumers can really buy a house. However, the collection of property tax is actually delivered in the same amount of money. And according to the experience and time value of installment of installments, consumers' total expenditures will surpass the total expenditure before the property tax. However, the total expenditure of consumers purchased by consumers will also be determined by the specific impact of the apparatus tax. However, the government must fully consider a variety of factors before formulating a policy. I believe that the collection of property tax does not have extensive phenomenon, and the Government will fully consider all aspects of factors to formulate a reasonable and feasible solution. And from the reasonable extent of investment, consumer purchase behaviors after the property tax will become more reasonable, more suitable for most domestic consumers' practical ability. The impact of property tax on second-hand market
For the expense of property tax, it is a news that the government, developers and owners are generally beneficial. If the property tax will be levied, consumers will decline the cost of purchase, but on the other hand, housing prices will be assessed to the future tax, because "buy a house is not expensive, supplying house", this may make some consumers prefer to choose property tax relatively low Second-hand room. Moreover, a large number of vacant houses are currently levy after the property tax, and it is also expected to get some consumers who are not willing to high-supply expenses to digest. The second-hand trading market in the domestic real estate market has always been not active, resulting in a large number of vacant housing, and the productivity is less than the largest. The collection of property tax will result in "buying a house to be easy to raise the home." Such consumers will consider the rationality of their investment behavior, and reduce some speculation behaviors when investing in real estate. In addition, for some consumers who have already set the commercial housing, they have to consider the expenditures of their support housing, they will actively participate in the second-hand housing trading market, thereby increasing the circulation of our commercial housing, reducing idle phenomena, and reasonably utilizing resources. In general, due to the cost of land costs account for up to 20% -40% of the real estate development cost, the price tax will definitely decline, but because of the cost of the house, the purchasers will become more rational, the more market The maturity will make the developer's development behavior is more standardized. Since the government is a one-time levy land price, the levy of property tax will make the government's fiscal revenue relatively stable, and the fixed fiscal income will allow the government to be more longevity and planning when considering the number and scale of exporters. All this is a positive factor. The only uncertain factor is currently the specific impact of property tax. Of course, the speculations currently do are only guess. However, it is possible to believe that the government will consider the interaction of all aspects, and formulate specific impacts that meet the national conditions of my country. I believe this approach will be a reasonable and feasible approach to the government, real estate business, and consumers, and promote the development of my country's real estate market and promoting the development of my country's real estate economy. Role. In summary, the impact of property tax on my country's real estate is positive.
