Public Rental Housing Construction And Operation Will Receive Six Tax Preferences.

This is followed by the Ministry of land and housing and the Ministry of housing jointly issued the notice on Further Strengthening the regulation of land use and construction management.

The notice clearly stated that after the completion of the construction of public rental housing and the completion of public rental housing, the urban land use tax will be exempted and the public rental housing will be built in other housing projects. According to the relevant materials issued by the government departments, the urban land use tax related to the construction and management of public rental housing can be exempted from the proportion of public rental housing construction area to the total construction area.

At the same time, stamp duty relating to the construction of public rental housing in public rental housing management units shall be exempted.

In other housing projects, the construction of public rental housing can be exempted from the construction and management of stamp duty related to public rental housing according to the relevant materials issued by government departments.

Public rental housing management units purchase public rental housing, exemption from deed tax, stamp duty, rental contracts for public rental tenants involved in the signing of the stamp duty to be exempted.

For enterprises, institutions, social organizations and other organizations to pfer the old houses as public rental housing sources, and the added value does not exceed 20% of the deduction amount, the land value-added tax shall be exempted.

Enterprises, institutions, social organizations and other organizations donated housing as public rental housing, which is in conformity with the provisions of tax laws and regulations, and the portion of donation expenditure within 12% of the total annual profit is allowed to be deducted when calculating taxable income.

In addition, the rental income from public rental housing is exempt from business tax and property tax.

The public rental housing that enjoys the above preferential tax policy refers to the public rental housing development plan and annual plan incorporated into the local government, and the public rental housing under the management of the relevant documents.

Public rental housing that does not meet the above requirements can not enjoy the above preferential tax policies.

"Following the recent implementation of the second home loan survey conducted by the CBRC, four ministries and commissions will have a policy in 5 months, and a new round of regulation is likely to be launched."

For the recent relevant government departments to introduce a series of real estate control policies, Beijing Central Plains three level Market Research Director Zhang Dawei said.

He believes that compared with the April series of policies focusing on increasing the paction costs of two suites or speculators, the new round of policy is clearly starting to focus on increasing supply.

Next, the relevant government departments are likely to further strengthen the regulation of the supply of the real estate market, especially the strict policies of disguised developers or development loans.

Then, can the tax incentives stimulate the property developers to actively intervene in the public rental housing? Yang Hongxu, Minister of comprehensive research of Shanghai Yi Ju Real Estate Research Institute, said that the most favourable concession is the operation link, especially the rental tax and property tax.

But the concessions in the development sector are very small, and the attraction for developers to build public rental housing is limited.