Notice on the Business Tax Policy of Personal Housing Transfer

by huiyun_moo on 2009-09-25 11:49:49

I. From January 1, 2009 to December 31, 2009, where an individual sells non-ordinary residential property purchased for less than two years, the business tax will be levied in full; where an individual sells non-ordinary residential property purchased for more than two years (including two years) or ordinary residential property purchased for less than two years, the business tax will be levied on the difference between the sales revenue and the purchase price of the house; where an individual sells ordinary residential property purchased for more than two years (including two years), the business tax will be exempted.

II. The above-mentioned ordinary and non-ordinary residential properties...