China property: Shenzhen joins Beijing and Shanghai in offering tax breaks to boost sales

Quick Summary:

Homeowners will not have to pay value-added tax when reselling their property after two years.

Such measures in the three cities will take effect on December 1.

Beijing and Shanghai implemented similar steps on Monday.

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Article Details

Author / Journalist: Yulu Ao

Category: Business

Markets: Hong KongChina

Topics: Property City Measuring China’s Shanghai Beijing Levying Market Shenzhen Measures Homes

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-20 @ 09:54:12 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 185 words

Reading Time: 2 minutes read

Sentences: 9 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 23710996

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