Property News · March 5, 2018

Fleeting relief for China’s homeowners as property tax inches its way through legislature


A controversial property tax appears unlikely to materialise in China this year, delivering temporary relief to households and real estate owners with an estimated US$44 trillion of their wealth invested.
The Chinese legislature’s budgetary unit is “studying the key issues of the property tax, and soliciting internal opinion, before submitting the draft for initial review,” said Zhang Yesui, spokesman of the National People’s Congress, at a press conference in the…

Source : South China Morning Post
Read more…Fleeting relief for China’s homeowners as property tax inches its way through legislature

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