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Reprinted from 622006005 at 19:24 on July 10, 2010 Read (loading. ..) Comments (0) Category: real estate point of view
the reasons for previous failure of market regulation as the beginning of this century
The rapid rise in house prices, at least from 2003 onwards, the Government has repeatedly introduced measures to control the property market, house prices in the regulation of the sound has just increased by many times. As wages, especially as the city of migrant workers sign wage growth far behind, first-and hot is the city's price earnings ratio to the global peak. Why has the control objectives fall again, it is clear is that this first round of regulation and summarize the lessons learned topic.
First, we see that from the beginning of 2003 about 4 times the real estate is regulated mainly rely on bank and credit policies. The problem is that banks are commercial institutions, after all, and basically have a listed stock company. From the simple tool of the government bank to commercial enterprise would have been the outcome and direction of reform. This determines the regulation of commercial banks to real estate must be half-hearted implementation of the policy, evasive, irresponsible. The overall tightness of the money supply while the overall economic situation is again determined. Therefore, once the macroeconomic climate change,
new new balance shoes, the passage of time, the real estate credit controls must disappear, or even worse. Because the upward trend in house prices, land prices and the local mortgage banks will always be the most reliable and stable and the most lucrative source of profits. So not surprisingly, policies to stimulate the economy by the wind, home loans of commercial banks jumped into this round of soaring house prices, a major force behind the supply and demand imbalance. Bank profits and competition in driving this under control so there is no attempt to use economic means to regulate the regulators also disappointed. In fact, the lessons of U.S. subprime mortgage crisis have shown that commercial banks in the real estate bubble is precisely to guard against and control of the object, simply do not trust the government's policy tools.
Second, the previous regulation are dependent on local government implementation and execution. We noted earlier, land tenure system with a combination of policies may not enable local governments to artificially reduce the supply of land to maintain the high land prices. However, due to both the sale of land or local investment and financing platform for the mortgage, are dependent on land prices stable or rising. Therefore, local governments increased dependence on land revenue, so they must like to see a steady increase in premium rates in order, so that local governments can provide more sources of revenue. And around the city card for the household population of the efforts to build, each appointed officials of projects and vigorously infrastructure, beautification of the city's projects are intentionally or unintentionally boost prices, land prices rise. Therefore, and similar to commercial banks, local government will also curb the trend of the central government when the derailment of the soaring housing prices, which can avoid much trouble and their own risk. However, in order to suppress prices falling land prices will never meet the interests of local governments. Thus, prices were soaring, of course, there will be no local government initiative to raise significantly the supply of land or suppressed demand for power. Once the macro-economic changes in wind direction, or a new round of renewed upsurge of real estate, local governments will naturally follow the crowd, said to be housing prices will rise in the
Third, the property market policy swings, subject to the need for macroeconomic volatility. Over the years, the property market policy has been in the control and suppression and the promotion of real estate housing prices vary between stable and healthy development. Hot economy, prices rose more than to talk about regulation, emphasizing the tax reduction from the thorough investigation of the loan; economic cold, to drive growth, but also by tax cuts Huanshui loans, real estate assistance, and promote real estate development. This rounds down, developers Ye Hao, investment speculators worth mentioning, and even home buyers generally feel that the government's weakness: that dozens of real estate-related sectors driving the demand from the Government to ensure growth is not to On the development of real estate; and real estate but also about the quality of bank loans and financial security, the Government can not but help to maintain stability of real estate. The so-called real estate industry, said the kidnapping could result from the development of national economy. That housing prices rose too up, or not go, slipped rose, and even just the gradual rise and not fall into the mainstream awareness. Thus, 10 years since the new century, when the facts ultimately proved the stability of the property market can be volatile stock market gains 10 times, 20 times, the companies are to enter the real estate industry, and the brightest into store room full of social capital to hoard, as well as countries want to revive the industry difficult to start, but the total is control of real estate booming popularity Ding Fei to is not strange.
Finally, the process of urbanization in the development of strategic positioning of the property market is not clear, so that natural regulation is difficult to have a clear point. Such as urban development proceeds in the allocation of land monopoly, it seems that as long as the government can first cut a chunk of the remaining part of the operator who is who to grab. He can get even for the bulk, but also to ensure benefit-sharing developers, real estate speculators who do not suffer. Thus we see, such as land tax was originally an area for the real estate industry in general store to the weapon, but Diudiu with the use of tools has become a completely arbitrary. Effect on the real estate market because profits and the expanding speculative investment demand, it has not introduced effective measures to curb. And improve the housing transaction tax practice in the supply and demand imbalance has been borne almost all buyers. On the contrary, who can not or difficult to pass on the personal income tax, but was strangely allowed to work in accordance with the transaction for the amount of 1% - 3%, all at 1% of the actual levy. At the same time, open the door for speculative investment contracts in the national prevalence of false yin and yang, such as unhindered. Housing to maintain the property tax that taxes for many years,
我的华南贩卖兄弟们 - Qzone日记, the vested interests of the boycott, the date or change directions, confusing. Again, our housing market is to take the road or simply want to uphold and protect the room housing the direction of two-track system has been unknown. This increases the protection of housing supply policies, because it is not and does not effectively solve the funding sources and dynamic mechanisms, often decorated or into a stream in the paper. This year, prices soared on the wind and the case seems to be in response to accusations of inadequate supply of land developers, planning of residential land supply soared several times to 18 million hectares, according to the current rate of 1.5 volume of 2.7 billion square meters of construction residential, at the current level of 28 square meters per person a year for the land to solve the nearly 1 million homes, the country's total foreign population of 1.5 billion, however, not all of two years to solve the existing problem of housing migrant workers will not longer exist, which is obviously impossible. For such there is no reliable means of supporting the building the Great Leap Forward economic plan, the market naturally does not believe it. Coincidentally,
Animation Creation Process - Qzone log, the amount so developers would prefer to keep prices down and hope the market will increase security Forced the Government to ensure stable and the first to give sacrifices. If so, then the prices as they wish in the future there may appear retaliatory rebound, brewing more bubble before bursting.
Thus, the regulation of the property market to really achieve the goal, to win the trust, to reverse the market expectations, to increase security or the maintenance of stability beyond the simple thought, get rid of short-term control of the gains and losses, a clear process of urbanization in the whole country The basic strategic positioning in the property market and the overall institutional framework, a strategic height and the development of China's property market into the long-term stable development of truly healthy track.
should be said that urbanization is the Chinese property market at this stage in its development history, background, speculation in housing prices is that many people the biggest theme. Why is it, how should understand the process of urbanization in the property market in the whole economy and society in the strategic positioning of it?
First of all, should be affirmed, the development of urbanization on the real estate industry has brought unprecedented opportunities and long-term broad space. More than the present total population of the developed world most populous country of 1.3 billion urbanization not only for the Chinese economy in the next two or three decades provides the basis for sustained growth, will also have a significant impact the world economic pattern. Meanwhile, we should see clearly that China's urbanization is only the start of their period of accelerated development. The so-called urbanization, is that farmers into the public process. China's urbanization rate is currently calculated at about 46% of the 600 million urban population, but less involved in the industrialization of the approximately 150 million people of migrant workers, only 4.5 million urban household population, urbanization rate was only 34% of the real so. To further realize the changes of urbanization and digest this historical debt to the core of China's successful modernization is to reduce the cost of urbanization, the central link is to maintain the income of wage earners can afford housing ratio. Meanwhile, the side of the city's luxurious waste of money to pursue the one hand, a collective long-term approach to resettlement quarters or camp of migrant workers into the city, blocking them outside of the public, has resulted in increasingly higher suicide rates and crime rates, will will allow the community to pay a high price. This city is doomed to go elsewhere in the road. Therefore, reducing the cost of urbanization to ensure the smooth generation of migrant workers and urban housing conditions for low wage earners can afford the price, is the development of urbanization and the only way for China's property market.
Second, residential, commercial, services, and urban-related infrastructure, supporting facilities related industries, pulling dozens of national economy, which is the city pillar industry of national economy of the stage. But strictly speaking, the real economy and employment is not driving real estate investment and development industry, but the construction industry. Real estate investment and development industry now accounts for the magpie's nest dove, profits continue, but the real backbone of the construction industry to become awake to help people to do the unskilled laborer, low profits, inadequate inputs, layers of sub-deduction, the overall construction quality is low, very difficult to take into account Energy saving and environmental protection needs. Only a large number of buildings around the average life span of 30 years. This leads to urban development and construction of large dismantling a great waste of resources and energy. This type of extensive consumption of the road is our city such a populous country-and-coming go elsewhere for. Therefore, the development in the property market to re-establish the construction industry as a pillar industry of national economy, the status of a patent denial of the privileges of real estate developers, is to take the resource-saving needs of new urbanization. This will also break free of the real estate investment and development industry to the national economy kidnapped hostage, the government regulation of the real estate market has room for freedom and independence.
third, soaring house prices or the price of housing has never been, but land prices, the value of the house itself is a derogation from the year after completion. As the limited land resources and geographic monopoly, and its property rights and the right to benefit has never been paramount. This is also the history of the world once dominated by large land tenure and the landlord class was replaced by reason. In the process of urbanization, urban and peri-urban location of the land due to its natural monopoly,
new balance 574, will certainly be a sharp rise in land values. Countries to share in taxes and redistribution of land value-added benefits to protect the population of all cities of the basic civil rights including the right of residence, access to education and social security rights, with full social justice and legitimacy. Therefore, in respect of land property rights and the right to use the legal basis, the use of powerful financial and tax leverage, redistribution of land at all, take, hold and transfer of all aspects of the monopoly income, protection of all citizens in the cities and towns the basic right of residence and promote the realization of local government revenue from land to finance fiscal change is the healthy development of urbanization and the direction of the property market.
Fourth, the initial stage of urbanization in China's domestic supply and demand imbalances, not so much because the housing too little, rather, is due to hold too uneven. The adjustment of income distribution is not to the government to interfere too much in the initial distribution of market economy and wage decisions, as is often less effective, even counterproductive. Government should do is to eliminate the labor and civil rights in the identity discrimination. Adjust the distribution of incomes, from low-end,
new balance shoes, is to give workers the bottom for many years the rights of migrant workers into the city, so that they can live and afford to live on the urban residential suites, and enjoy the corresponding rights of the people, not always hopelessly crowded dormitory-style barracks, so to avoid the tragedy of Foxconn style. When integrated into the city, scattered housing, to support the family members of the public as the main body of labor, the laws of the market itself will automatically reduce overtime and forcing a general increase in wages. From high-end, it is to make over possession of urban land and housing resources to people who bear the economic and social responsibility. That, in our present there are a lot of gray and the case of illegal income, with the number of residential units and what the people have property and income to identify the most dominant and most accurate indicator of the relative. Therefore, the property market to a considerable extent on institutional change has become the starting point for adjusting income distribution and the center.
Fifth,
new balance mens, protection of housing construction lagged far behind, since the housing reform in China since the domestic institutional arrangements greatest weakness. Therefore, residential construction to two-track system, the implementation of both housing and the protection of housing policy is necessary. However, there are two here on the key, one must truly protect the housing for low-income segments of the population, rather than being turned into quite a mixed bag room, privilege rooms, creating greater social injustice. Second, housing is still the ordinary conditions of market economy, the growing middle class, the main channel of residential choice, therefore, protection of housing construction and general commercial housing price stability between the two can be neglected.
strategic positioning of the above, the property market reform can be summarized as the guiding principle of resource conservation and in ensuring effective supply conditions, the protection of the basic needs of residential housing, regulation to improve the demand and curb investment demand against speculative demand and restore the basic consumption of residential functions. Obviously,
new balance sneakers, this is bound to touch too many vested interests. Therefore, to avoid the property market again, this new round of regulation constraints and the vested interests of the pattern of abortion, the need for a series of institutional changes. Through the design and arrangement of the new system, changing the behavior of property and interests of all parties involved in orientation, the formation of the sound development of urbanization in the property market and the new pattern.
institutional change involving property tax system, land use system, system of protection of housing construction, housing construction system and the government examination system to ensure that the aim of achieving in the process of urbanization in the economical use of resources and real estate reasonable allocation to ensure that all workers in urban and housing and the price earnings ratio of long-term stability in a reasonable range. In the introduction of the order should be less difficult, step in place, both the effective elimination of hot urban housing bubble line and the cumulative development, but also ensure that the market, financial and economic stability.
one
tax reform and property tax is to adjust the income distribution, supply and demand of the most effective weapons. Various taxes and fees are now around a wide variety of real estate, but the effect is poor, it should be a comprehensive clean streamline and focus on the redistribution of land value-added revenue, out of speculative investment demand, give priority to ensuring the basic consumption of housing functions.
First of all, to combat and curb speculative investment demand to the market quickly cool the real estate resources to give priority to people's basic consumption needs. The sole purpose of investment in real estate speculation is speculation resale profit, so the role of direct income tax class, the effect is significant, and difficult to pass, should be the first choice for real estate tax reform.
specific measures can be taken:
1, revised land value increment tax deduction on the development of business requirements. Article column existing range of deductions, computational complexity, delay and strong, operability is poor, so that land value increment tax collection over the years with great flexibility and arbitrariness, not only undermine the seriousness of the tax system, but also the developers in enclosure important reason to hoard. Therefore, it should greatly reduce and simplify the deduction, the original meaning of the restoration of land value-added tax. Direct access to land and the sale of real estate developers when land value added tax. This will fundamentally change the investment industry's huge profits in real estate development properties.
2, stop the implementation of the 1999 transfer of personal financial and tax authorities of the land value-added tax can be exempt real estate notice of the transfer of individuals from the housing recovery of non-levy of land tax, land value-added implementation of the existing four progressive rates (ie, 30% from the lowest to the highest 60%). Holders of non-short-term speculation that real estate investors for over one year to allow reduced value added by the annual inflation rate.
3, repealed in 2006 on the original purchase cost can not provide housing turnover levy of 1% -3% of all individual tax provisions modifications, sell all non-self-housing property in accordance with the existing income tax system imposes a 20% personal income tax, to plug the loopholes of tax evasion. These two changes in the system can be in the trading of non-residents from the housing part of the land reverted to the main part of value-added of social redistribution of income. Re-established owner-occupied housing consumption function, the transfer of housing greatly compressed margins, after the introduction of real estate speculation can cripple the existing and effective inhibition of real estate investments and spur demand for those driven by speculative investment in urban housing hot line and the rapid cooling .
4, to ensure the implement to curb speculative investment demand should be firmly against the prevalence of yin and yang of housing transactions in the contract. Tax authorities should be based on the true market price of the transaction and adjust monthly or quarterly published guide price of housing transactions, in order to prevent tax avoidance is not the real price contract should be signed when accepting the transfer prices to be temporary publicity, and to allow other buyers to higher than the price of the contract price for any transaction, forcing all the houses for sale sign on real transaction prices.
5, a comprehensive and substantial reduction of housing transactions and other business tax and deed transfer tax. Imbalance in supply and demand of such taxes when the buyers can easily be passed on in full, and the general public is not conducive to the transfer of housing for various different needs of each other, to improve welfare and achieve win-win situation, dramatically reducing transaction turnover tax can be squeezed After the speculative and investment demand,
Audience of men drooling - Qzone log, and promote active consumer market, housing, and promote trade-related with the housing development of intermediary services.
Second, the regulation of improving demand. Improve the housing needs of people with income levels of the natural requirements and should be protected. However, in order to prevent the advance from the level of social development, housing consumption, squeeze out the basic housing needs, but also to maintain links in the housing through the tax differential, guide and regulate a reasonable housing consumption, and further squeeze occupied housing speculation and investment resources space.
Second, land reform
existing urban land is monopolized by the demolition of urban local governments or state-owned land of rural collective land expropriation, compensation is not the Government do all kinds of conflicts caused by lack of injustice, is to be moved by wild speculation, the formation of another form of unfair distribution. This single approach has resulted in the resumption monopoly increasingly serious social problems and legal issues, it is difficult to go out. Therefore, we should break the monopoly, the government-imposed dual system and the market for sale. Allow state-owned or collective land use right by the city planning conditions, their own applications to change the original land use, land at market prices to pay the corresponding VAT and income tax. Value-added tax and income tax due to land taking of the land value as the bulk of local government revenue can still be protected, but to the ownership or right to use the right of people to choose to follow the market rules, changes in local land finance for tax finance, correction of the local government functions.
land reform is to address the other direction for many years in the local off-site settled the issue of migrant workers. That migrant workers can bring their rural homestead settled in the local index. People of migrant workers and their families, the core of the problem of urbanization. Existing rural construction land in China is mainly homestead 200 million acres, or about 15 million square kilometers (see the Ministry's to address all of the urbanization of land more than enough. Therefore, make an inventory of migrant workers in the protection of the homestead is 18 million mu of cultivated land at the same time, take the live global urbanization Key pieces. Central unified policy should be introduced for the stability of work of migrant workers to accept the town in which the appropriate allocation of construction land, the use of human power and financial resources to cities and towns have active placement of migrant workers to settle down.
Third, the protection of housing reform on public grievances
now housing the largest branch is the basic housing needs of ordinary working-class insecurity. The same time, work without accommodation, but also urbanization, which can not be settled with the workers the same rights of migrant workers the biggest obstacle. So started a long delay and the number of taste in the protection of housing construction, promoting the urbanization process and promote economic growth and stability, ensuring social equity and stability of fundamental significance.
really good protection of housing construction, not just by administrative orders, can not be taken for sport, but to do system design, a comprehensive solution to dynamic mechanism, funding sources, such as planning, construction and continuous operation system construction.
protection of housing construction is the core of solving the problem of workers have their home. Therefore, the protection of all residential housing construction should be routed to the first. Should be clear, the protection of housing construction is a step by step reform of household registration system is a core component. The construction scale of the resident population should be no housing in the link. Central approval of construction land shall be pursuant to the appropriate indicators and construction funds for subsidies. The aim is to meet the local population and household work for a certain number of years in the local foreign population, including migrant workers in the basic housing needs. According to this need, the future may have to account for the protection of housing roughly one-third of all housing, new residential one half or more. As long as the security room to solve the problem of home workers have, then, newly graduated college students and other towns in the stability of additional personnel, increased levels of minimum wage labor, shortening labor time, the new generation of migrant workers in cities and towns of the integration and improving the quality of the next generation of workers, to break the intergenerational transfer of poverty, and even the development of urban services to both the market and social infrastructure. It can be said whether the local employment of foreign population into the scope of protection is the protection of housing systems measure the touchstone of true and false. And the corresponding municipal security room will also be supporting the construction process of the city an important engine for economic development.
protection of housing construction half to play the role of real estate investment must have the appropriate legislative, institutional and financial guarantees. Should establish The city should be parallel with the Land Reserve Center, the establishment of affordable housing development centers and housing support center to give the land and financial support. The state should give tax on affordable housing and financial support, allowing it to release housing trust funds and bonds, guidance and the formation of housing construction cooperatives. Affordable housing to the community bidding, market operation, encourage the design units, developers, construction companies bid for construction. Legally, there are institutions, land, capital, affordable housing can be truly developed.
Finally, affordable housing must be worthy of the name, should not a disguised form of welfare housing aliasing distortion, privilege room. Therefore, through legislation and regulations strictly limit the protection of housing construction standards. Protection of housing should all be small size, per capita living space must be controlled to significantly lower the per capita area of social following. Protection of public rental housing should be based, mainly low-rent housing, affordable housing design and quality may be poor, but greatly reduced and restricted to household size, and may not be transformed into ordinary houses. Security room of the user changing economic conditions, should withdraw from the security room to ensure the protection of an independent closed room to run. Unclear nature of the existing types of housing price, the unit should be a total ban on welfare housing. Irrigating the protection of housing units should be encouraged, but must be unified security room area, and other standards and requirements for operation and management. Cadres to mobilize non-security changes in the nature of space, space and other talents, the protection of housing are not allowed to borrow channels, but by the need to space the authority to purchase units in the housing market. This ensures the protection of a variety of channels for low-income housing is a real class.
of Buildings to ensure that reform
we have pointed out that relevant departments of stimulating national economic growth, affecting the construction industry a pillar industry of employment rather than real estate investment industry. However, the end of the construction industry a long period of industry, not taken seriously. In particular the general poor quality housing and residential construction, high energy consumption, short life, the useful lives of ordinary housing is only one-half foreign to one third. Therefore, to fundamentally change the few people making big money in real estate investment and development companies, and building on construction and real army regiment thin, low pay, mobility, engineering level contracting, quality assurance weak situation. States should be laws and regulations, taxation and finance for the construction tilt the parties to make real estate investment and development industry, a considerable part of the profit transfer to the construction industry, construction industry support it so that stability and quality of the team, with years of security engineering capability . Should use economic levers to promote and facilitate the construction of energy-saving environment-friendly housing, and international standards, the establishment of the design quality of the project construction enterprises lifetime responsibility.
urban construction, such as breaking off the stick bears a large demolition and construction type is a serious waste of resources, housing an important reason for insufficient net. Therefore, the provisions of town planning legislation should be developed and modified, built a large area of residential demolition, shall be subject to the same level People's Congress examined and approved. Demolition of houses not yet reached the building life cycle, should first be investigated for the resulting losses and waste of the relevant departments, personnel or legal responsibility for the design and construction unit of economic responsibility, avoid duplication present in many parts of the long-term major demolition and construction, built and demolished, resources wasteful consumption of type Zaochengyundong.
Fifth, the government examination system reform
in our current administrative system, the housing system reform to achieve our goal, to be incorporated into the government evaluation system. The key here is that the two indicators. First, workers have their home. The town government must formulate a plan to ensure that all workers in the local stable employment and housing. Immigration policies around the world are stable for several years to allow foreigners to work legally apply for citizenship according to law. We need both outside cities and towns to the local working population, employment, and refuses to give yourself the employment needs of those who settled in town, is completely justified. As the main body of industrial workers in China today, not even a long stay in the work of urban households, but also, and the nature of us as completely incompatible with the socialist countries. Thus, in a given period of time, step by step to ensure stable employment workers has its home, it should be the town government is the main indicator of performance evaluation. This will also help contain the term system of local government and urban development officials from the actual needs of the resident population, but for the small number of people to engage in the image of engineering and performance engineering.
in employment who have their home city the biggest obstacle is the worry that even more expansion. We here do not want to dwell on the key development of big cities or small towns in the debate group. Because if you really want the development of small towns, it is the Government taking the lead, policy induced, for many military and political authorities, a large number of business units, a variety of major corporate headquarters and new investment, the initiative to medium and small cities and satellite cities and towns, so that employment and housing The natural population dispersed accordingly. Worst of all is the generation satirizes those who profess that he waited at the city, and would like to see a variety of resources to the cities tilt, but the development of high-profile small towns, big cities and their services against the employment of foreign home. The poles apart, we must prevent and correct.
Another important indicator is the price earnings ratio. If we can not make most of the Chinese people have returned to the welfare house under the planned economy era, ordinary commercial housing prices will inevitably impact on the livelihood, especially the growing urban middle class vital interests. The so-called good job security room to allow any discussion off desirable commodity prices. Therefore, the price earnings ratio, especially in the main residential areas of urban office workers price earnings ratio should also be assessing the key indicators of town government. The reason why local governments are now holding stability first, GDP growth in command, and it is our performance evaluation system are closely related. Therefore, national statistical offices to publish as GDP indicators, regularly published price earnings ratio around the residential and employment protection than the target population. This assessment and the corresponding social public opinion not only to urge the town government must really put the main livelihood issues into the agenda of their own, and for the promotion of rational planning of urban construction, urban groups and the rational distribution of satellite towns, land for construction of residential land a reasonable proportion, will have a positive effect. change and building the system
, of course, can be discussed and a variety of paths. Our study was designed to note the successful practice of many countries has also been confirmed that the urbanization process in the rational allocation of housing resources to meet people's basic needs and improve housing and ensure the long-term price and income corresponding to the reasonably stable, is completely can be done. The question now is faced with too many vested interests, including the Government's own fetters, and how the interests of the majority of people really determined and determination.
Appendix:
levy on real estate tax issue has been debated, there is the question of its legality, saying the introduction of objective difficulties are with them. In fact, residential real estate ownership tax levy, also known as property taxes, property tax or property tax, is the international practice. As many people imagine all sorts of legal or operational difficulties, many countries already have a mature approach and experience, not a real obstacle. China actively preparing for the introduction of the real estate tax, on the transformation of government functions, to promote the local government fiscal revenue from the land into the financial, housing consumption of a reasonable guide for adjusting income distribution and even corruption, are of great significance, it should be firm. The key is to introduce such an unprecedented real estate taxes on the overall tax reform, big tax and tax increases and decreases in the large framework of overall planning, not simply as the addition of a new tax sources. Therefore, we must carry out all conditions,
new balance running shoes, including information on legal and fully prepared, and can not be taken lightly, can not have luck, rashly.
levy real estate taxes, you first need to clarify two misunderstandings. First, China's urban residents only land use rights, not ownership of land has been paid in the case of leasing, rent collection is a repetition, can levy. Should be noted that real estate ownership tax levied by the Government for the urban construction and maintenance and community services, has nothing to do with land ownership transactions. Such as the UK property, with land ownership is a large number of villas, known as Freehold, but also do not take land rights, land is leased, such as apartment suites are often lease hold, but property rights as the right to use property taxes to pay on time . So in essence, is not on the ownership of real estate tax levy, but the actual occupation of real estate by holding time and the beneficiary tax. Meanwhile, China's current residential property in the name of 50 years or 70 years, in fact, the Government does not and can not be recovered due. Compensation for damage to or demolition of old houses have been used when no matter how many years, or another 70 years to a new property. Second-hand housing transactions are not the remaining life of fixing prices by property rights. This shows that urban residents in our country for decades of land use rights for 30 years as farmers had the right to contract, as in the law is still vague concept. Therefore, the formal introduction of the real estate tax, there is a need of the same contract as agricultural land, housing and land use rights is a clear long-term change. This confirms the law of land property rights of permanent residents of buildings. Unified urban and rural land use right system for long-term change, not only the legal construction of a big step forward, but also for the real estate tax levy to clarify a misunderstanding.
Another misunderstanding is the proposed property tax relevant ministries, namely, land and new tax legislation around, borrowing enterprises and organizations operating with real estate property taxes, extended to residential buildings. This approach is difficult to avoid the shortcomings of the existence of three, first, mistaken identity, name is not correct words ring true. The purchase of residential land is always there is room, and the continuous depreciation of the room, is to continue to add value, not how to calculate the original value of the room, how the market price assessment, theory and practice is very difficult. This is the introduction of Real Estate Tax Ordinance 1986, the unit of land is owned free transfer, real estate is not the original value of land is completely different. The price of the underlying tax that is not clear that this tax would not be able sign. And bypassing the fabled land of property taxes, will greatly increase the difficulty of collection.
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