This year’s “Double 11”, Shenzhen issued a “big red envelope.”
Editor’s note: This article is from Daily Economic News author: Zhensu Jing, authorized reprint
This year’s “Double 11”, the “red envelope” issued by Shenzhen is very atmospheric!
Yesterday (November 11) morning, it was reported that Shenzhen introduced new regulations to modify the standard of luxury residential lines, and no longer levied VAT according to the standards of single luxury residential lines in previous districts. According to the new regulations, from November 11, 2019, the house with a plot ratio of 1.0 or above and a single building area of 144 square meters or less is an ordinary residence.
In this regard, the Shenzhen Municipal Taxation Bureau responded to the “Daily Economic News” reporter said that from November 11, 2019, the house with a plot ratio of 1.0 or above and a single building area of 144 square meters or less will enjoy preferential policies. In the process of second-hand housing transactions, there is no need to pay the previous “luxury tax”. Home buyers who have already paid taxes and fees cannot apply for tax refunds and cannot retire.
The Shenzhen Housing and Construction Bureau responded by saying, “This is in the insistence that the house is used to live, not for speculation, to implement the national tax reduction and deduction spirit, and fully consider the reasonable housing of ordinary residents. An initiative taken by consumption.”
Why did you announce the adjustment of the luxury house tax after the traditional “Golden September, Silver 10” node? The industry analysts believe that the “8.18” first demonstration zone policy, “Golden September, Silver 10” and other early positives have triggered a round of upswing, consuming most of the funds and purchasing power, and continue to introduce stimulus policies, but the influence will weaken. If the new policy is introduced in the off-season, it is likely to have unpredictable consequences like the “30.30” New Deal.
50 square meters house can save 190,000 “luxury tax”
“For the purely just-in-time need for a few years of work, the biggest advantage is that instead of paying a large amount of taxes and fees, it is not necessary to raise the down payment for tax avoidance.” Chen Yang (pseudonym), who is currently trading in the house, told “Daily Economic News” reporter: “After the announcement of the New Deal, I am most worried about the owner’s breach of contract.”
According to Chen Yang, he purchased a house of about 50 square meters in Baoan District, Shenzhen, with a transaction price of 4.3 million yuan. According to the Shenzhen ordinary residential standard announced in 2015, Baoan District has more than 3.6 million yuan belonging to the “luxury house”. Chen Yang introduced that, except for the down payment part, all taxes and fees are about RMB 330,000. Since Shenzhen is the seller’s market, the sellers are paid according to the listing price, and the taxes and fees are paid by the buyer.
I don’t think there is no way to pay the luxury house tax. Chen Yang said that the solution provided by the intermediary company for the service is: the transaction price of the house is recorded as 3.59 million yuan, lower than the original luxury house line, exceeding the transaction price. 710,000 yuan as a down payment, in cashPay to the owner, so that he needs to pay the total cost of down payment and taxes and other nearly 2 million yuan.
But according to the latest tax and fee collection standards, Chen Yang roughly calculated that the transaction can save the value-added tax and the individual tax of “the luxury house” totaling about 190,000 yuan. “The biggest advantage is that it can be traded normally. There is no need to greatly increase the down payment for avoiding the luxury tax, and reduce the transaction cost to benefit the buyers.”
The re-determination of the Shenzhen luxury residential line is not a sudden. In recent years, buyers have expressed their opinions on the previous luxury residential line. At the beginning of this year, some citizens asked questions on the leadership message board. In recent years, the price of commercial housing in Shenzhen has risen sharply. The ordinary residential price standard originally used to adjust real estate transactions has not been revised for more than three years. It has completely failed to meet the actual situation of the Shenzhen real estate transaction market, and has lost the role of adjusting real estate transactions. Instead, it has had side effects and is proposed to be revised. The Shenzhen Municipal Bureau of Planning and Lands replied on January 31 that it has been working on the revision of the standard for ordinary housing.
Leader Message Board Screenshot
According to the Notice of the Shenzhen Municipal Commission of Soil and Resources on the Standards for the Appreciation of General Housing Prices in Shenzhen in 2015, the current price standard for ordinary housing in Shenzhen is: the total price of each set in Luohu District is 3.9 million yuan and below. Each set of Futian District has a total price of 4.7 million yuan and below. The total price of each set in Nanshan District is 4.9 million yuan and below. The total price of each set in Yantian District is 3.3 million yuan or less. The total price of each set in Baoan District is 3.6 million yuan and below. Longhua New District The total price of each set is 3.2 million yuan and below. The total price of each set in Longgang District is 2.8 million yuan and below. The total price of each set of Guangming New District is 2.5 million yuan and below. The total price of each set of Pingshan New District is 2 million yuan and below. The total price is set at 2.3 million yuan and below.
The owner has raised the listing price of the property
“The increase in the luxury residential line has little impact on the new home transaction, and has a great impact on the transaction of second-hand housing in Shenzhen.” Li Yujia, a researcher at the Shenzhen Real Estate Research Center, told the Daily Economic News reporter that according to the National Bureau of Statistics, Shenzhen Since 2015, the price of new homes has increased by about 50%. Since the standard of luxury residential lines has been adjusted since 2015, many of the newly-needed houses have been “luxury houses”, which greatly increased transaction costs and suppressed the transaction volume of Shenzhen houses.
In fact, since the promulgation of the “first demonstration zone” policy in August, the Shenzhen property market has rebounded rapidly, and the volume and price of second-hand housing transactions have risen.
Data Source: Shenzhen Zhongyuan Research Center
According to the data of Shenzhen Zhongyuan Research Center, the turnover of new homes in Shenzhen fell for three consecutive months. In October, 2,656 sets of new homes in Shenzhen were sold, down 5.92% from the previous month; the transaction area in October was 267,700 square meters, down 3.34% from the previous month.
In October, there were 7,165 sets of second-hand residential transactions in Shenzhen, up 0.6% from the previous month and up 89.2% year-on-year. The transaction volume rebounded for two consecutive months. The average price of second-hand housing rose slightly, reaching 54451 yuan / square meter. In October, the average price of second-hand residential buildings in the city was 54,551 yuan / square meter, an increase of 1.4% from the previous month; the average price of the seven districts increased in all districts. Among them, the average price of Nanshan, Baoan and Longhua increased by 2.0%, the largest increase; the average price of Luohu was 60,207 yuan / square meter, up 0.9% from the previous month, the smallest increase.
How is the house being traded after the implementation of the New Deal? In response, the Shenzhen Taxation Bureau responded to the “Daily Economic News” reporter said that since today (November 11), the plot ratio of 1.0 or more, a single set of buildings with a floor area of less than 144 square meters are entitled to preferential policies, in second-hand There is no need to pay the previous “luxury tax” during the housing transaction. Home buyers who have already paid taxes and fees cannot apply for tax refunds and cannot retire.
After the announcement, the market responded very quickly to the New Deal on the luxury residential line. Chen Yang told reporters that in the residential plots he had been paying attention to, the owners had quickly increased the listing price of the original luxury residential listings by 150,000 yuan.