Expert: Real estate tax policy may be introduced in the near future

On November 13, it was reported that in the last two months of this year, the finance department will take multiple measures to supplement financial resources, ensure various key expenditures, and strive to complete the annual budget targets. Experts and scholars believe that the incremental fiscal policy to support the real estate market is "on the horizon". It is possible to start the issuance of land purchase and storage bonds within the year, and the relevant tax policies to support the real estate market are also expected to be introduced in the near future. In light of the fact that the Ministry of Finance has previously made it clear that it will adjust the tax policies linking ordinary residential and non-ordinary residential, including value-added tax and land value-added tax, experts generally expect that the adjustment of relevant tax policies will be implemented within the year. In addition to the aforementioned tax policies, tax incentives for personal home purchases and tax support for the housing rental market are also worth looking Wang Huayu, deputy director of the Fiscal and Taxation Law Research Center of Shanghai Jiao Tong University, expects that further preferential policies can be introduced for VAT, personal tax and deed tax policies related to real estate transactions. However, considering the pressure of collecting tax revenue at the end of the year, some preferential tax policies may be introduced this year, and some policies will be introduced at the beginning of next year.