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The purpose of levying real estate tax and the role of real estate tax

In recent years, many regions have promulgated the real estate tax to regulate the real estate market. What is the role of Promulgating the real estate tax? Will house prices fall in this way, and what role will it play after the introduction of the real estate tax? Let's have a look!

What is the purpose of levying real estate tax?

1. For the introduction of real estate tax, there are several opinions. One is that it can narrow the gap between the rich and the poor. The more people hold real estate, the more they pay tax; The other is to replace the purchase restriction policy with real estate tax as a tax reform; In addition, it is said that the collection of real estate tax is a means for the government to increase revenue. After all, this is an extra revenue for the government out of thin air. This is used as a compensation for the income of local governments, so that they don't have to promote land finance and reduce the driving force for the rise of real estate prices in the future.

2. There are three ways to levy property tax internationally: one is based on the area of real estate, such as Germany and Chile; Second, it is levied according to the real estate market price, such as Japan and Canada; Third, collect and pay according to the real estate rent, such as Hong Kong, India, Australia, etc.

3. How to collect China's national real estate tax has not been issued yet. However, from the pilot policies of Shanghai and Chongqing on January 28, 2011, the tax rate in Shanghai is tentatively 0.6% for new houses purchased by local residents and belonging to the second and above houses and new houses purchased by non local residents; The tax rate in Chongqing is 0.5% - 1.2% for single family villas, high-end apartments and two suites purchased by investors without working hukou.

The role of the introduction of real estate tax?

1. The first is to change people's concept of financial management. In the past, it was possible to make a fortune by buying a house, but from the date of the landing of the real estate tax, the probability of making a fortune in this way has been reduced.

2. Secondly, it may change the resource allocation of the city. With the awakening of citizens' awareness of taxpayers, people naturally have requirements for transparency and whereabouts of the taxes paid, which forces government departments to redeploy resources at the resource allocation end.

3. The emergence of real estate tax has a great impact on the real economy. Previously, due to the extremely low cost of holding land and real estate, many non real estate enterprises swarmed into this market, and indeed made huge profits.