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The latest news of housing vacancy tax

As we all know, if we want to control the house price, we must introduce relevant policies to crack down on speculators, otherwise the house price is difficult to fall, so the real estate tax has become a policy most expected by the public, but it is still very difficult to introduce the real estate tax, but the housing vacancy tax is coming! It is said that the housing vacancy tax can also control the rise of house price, so the housing vacancy tax in 2019 is really good Are you coming?

Housing vacancy tax update

Now many places such as Shanghai have taken the lead in housing vacancy tax. Although it has not made the housing prices fall, it has controlled the housing prices in most areas so as not to let them rise! So what is the housing vacancy tax? Today, let's make a science popularization!

The concern about the vacancy tax comes from a Hong Kong daily report. It has been revealed that the government has roughly completed the drafting of the first-hand housing vacancy tax bill and is ready to submit it to the Legislative Council for discussion next month. As early as last June, the Hong Kong government began to pay attention to the issue of first-hand housing vacancy tax, and has been drafting a bill since then. It is reported that the main object of this discussion is the first-hand housing market, because the vacancy rate of the second-hand housing market in Hong Kong is very low, so it is not suitable to levy a vacancy tax.

How much is the vacancy tax

Hong Kong vacancy tax stipulates that 'extra rates' will be levied on first-hand private residential units which have been vacant for more than six months and have not been used for residential or rental purposes, which is equivalent to 200% of the rateable value of the unit, that is, equivalent to two years' rent and about 5% of the property price.

For example, if a new house worth 10 million yuan is vacant for more than six months (uninhabited or rented), it will need to pay tax of nearly 500000 yuan according to 5% of the property price. The vacancy tax is levied annually until there is no vacancy. Although the strength of the vacancy tax in Hong Kong is far less than that in foreign countries, it is also a large amount. Once the Legislative Council discusses and passes it, it will really start to implement it, which may have a certain impact on the new housing market and housing prices in Hong Kong.