Preferential Business Tax Treatment for Housing Transfers Ends

Posted by on December 16, 2009 under Tax Incentives | Be the First to Comment

At the end of 2008 the State Council, in order to cushion the impact of financial crises, especially the impact on the real estate market, adjusted the business tax exemption period for housing transfers from 2 years to 5 years. However, the State Council has recently declared that the housing transfer business tax exemption period will change back to 2 years.