The latest concrete policies of national real estate macro-control

People from all walks of life have given a variety of interpretations of the specific idea of "two-way regulation", but it is roughly nothing more than three aspects: first, the regulation policy of the property market will be characterized by "differentiation", the speculative demand for investment in hot cities will continue to be suppressed, and the regulation of non-hot cities will be relatively relaxed; Second, continue to emphasize the work of affordable housing, strengthen the market position of * * * property houses in the field of affordable housing, and solve the worries of urbanization through the "dual track system"; Third, before the long-term regulation mechanism has been introduced, administrative means, economic means and market means, which are mainly based on purchase restriction, will still coexist, but the former will weaken day by day, and the latter two means will gradually become prominent.

Looking at the property market regulation policy, "two-way regulation" has really played an outline role. Under the guidance of this basic concept, China property market has gradually entered the "new normal".

2. New urbanization

The National New Urbanization Plan (20 14-2020) may bring three new changes to the real estate industry: first, the real estate market will be divided, from the overall rise in the past to the rise in some places in the future, some places will be balanced, and some places may be depressed or even negative for some time; Second, the growth rate of the new housing market has declined, and the demand for the second-hand housing market has increased; Third, non-traditional real estate such as business office, industrial real estate, tourism and leisure, vacation, health care and pension will face new development opportunities. In view of this, she boldly predicted that the new plan will bring 60% new housing demand.

3. The refinancing of housing enterprises is unfrozen.

The breakthrough of the refinancing bottleneck of housing enterprises will directly optimize the asset-liability structure of enterprises, reduce the overall financing cost and enhance the profitability of housing enterprises. However, many people in the real estate industry bluntly said that on the whole, the trial of policies such as preferred stock and refinancing mainly focused on high-quality enterprises, and most small and medium-sized real estates were still difficult to realize soon. In the long run, the refinancing of housing enterprises will still be a structural opening, which means that the industry differentiation will be further increased.

4. Real estate registration

The promotion of the real estate registration system is equivalent to the registration of real estate, which is conducive to clearly grasping the current stock and potential supply of real estate. However, the real estate registration system is not directly aimed at the regulation of the real estate market, and it cannot be simply understood as housing registration. The new real estate registration system is only the integration of information systems, and does not involve the overall supply and demand relationship of the real estate market. Even if the registration will cause several houses to be thrown away, it will not shake the current market fundamentals.

5. Other relevant policies

Personal income tax of 20% is levied on the value-added income after the transfer of luxury houses.

If the owner can't find the original purchase invoice when transferring the house with a per capita construction area of more than 80 square meters, according to the latest real estate policy, the tax authorities entrust a real estate appraisal agency with national first-class qualification (establishing a name database for random selection), refer to similar houses with market transaction records in the same lot, or consult the local housing information system to evaluate the original purchase price of the property as the tax basis. The appraisal fee is charged from the low price, but the appraisal fee is borne by the seller as a punishment for losing the original purchase invoice.

The local government announces the market guidance price of classified houses every year (that is, the present value of real estate). If the transaction price is significantly lower than the market guidance price, the market guidance price will be used as the tax basis for the property tax (similar to the current guidance price for the transfer of second-hand houses in Beijing, Shenzhen, Chengdu and other cities). Individual rental housing, pay personal income tax at 20% of rental income; According to the latest real estate policy, operating real estate (shops, office buildings, hotels, etc. Individuals, enterprises and institutions levy property tax at 12% of rental income, unless otherwise stipulated by the tax authorities.

Cancel the current regulation of levying 5.5% business tax on individual residential transfer. The property owner (owner) must hold all the above-mentioned tax payment certificates before the property ownership management department can handle the property transfer formalities for him. The real estate tax income of towns and the personal income tax income from personal transfer of residential value-added income are dominated by local governments and earmarked for the construction of affordable housing; If the balance needs to be used for other social security expenditures, it must be approved by the provincial people's government and reported to the central competent department for the record.