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The state administration of taxation amends the tax incentive for first-time purchase of ordinary housing
- Sheppard Mullin Richter & Hampton LLP
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- China
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- March 31 2010
In 2008, to reduce the tax burden of low-income families purchasing property for residential purposes, the State Administration of Taxation (the SAT) issued a Notice (Caishui 2008 No. 137), lowering the property deed tax rate to 1 for first-time individuals' purchase of ordinary housing sized no more than 90 square meters
New real estate rules introduced by Hainan's provincial government
- Sheppard Mullin Richter & Hampton LLP
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- China
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- March 31 2010
On March 4, Hainan provincial government promulgated a regulation to respond to the central government's policy to control the land price, and also to suppress the skyrocketing real estate prices in the province
The Ministry of Land and Resources temporarily halts sales of land for residential purposes
- Sheppard Mullin Richter & Hampton LLP
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- China
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- March 31 2010
On March 22, the Ministry of Land and Resources put a temporary ban on sales of land for residential purposes, requiring local authorities to refrain from selling land for residential purposes until this year's housing land supply plan is released in early April
78 centrally administered state-owned enterprises ordered to withdraw from real estate development
- Sheppard Mullin Richter & Hampton LLP
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- China
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- March 31 2010
Soon after the NPC (the National People's Congress) and CPPCC (the Chinese People's Political Consultative Conference) sessions, during which the top authorities expressed concerns over housing prices and possible intentions to control the property bubble, Beijing's land prices reached record highs, and the biggies shareholders of the winners in the recent three biggest land auctions were all state-owned firms
Current situation and anticipated trend on foreign investments in China real estate market
- Sheppard Mullin Richter & Hampton LLP
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- China
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- June 1 2009
Since 2006, China has implemented a string of policies designed to restrict foreign investments in the real estate industry
China abolishes Urban Real Estate Tax
- Sheppard Mullin Richter & Hampton LLP
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- China
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- February 14 2009
On January 1, 2009, China abolished the Interim Regulations on Urban Real Estate Tax
Current Search
- Workarea - Commercial Property
- Jurisdiction - China
- Firm Name - Sheppard Mullin Richter & Hampton LLP