In recent years, the central level has introduced a number of real estate tax relief or adjustment policies, involving the three major types of taxes: deeds tax, personal income tax, and value-added tax. According to estimates by the Shanghai Yiju Real Estate Research Institute, after implementing the three major tax reduction policies for real estate, housing transactions across the country can reduce taxes by about 100 billion yuan a year. From the perspective of a buyer or seller, the tax reduction policy is not a “symbolic discount” of a few thousand yuan for ordinary households, but rather a cash burden reduction of 100,000 to 500,000 yuan. For replacement buyers in first-tier cities, the amount of tax reduction is even enough to cover the family's living costs for two to three years. Taken together, the overall real estate tax is developing in the direction of continuously reducing transaction costs, equalizing the tax burden in first-tier cities, and promoting market liquidity. It has played an important role in stabilizing property market expectations, activating transactions, and supporting improved demand.

In recent years, the central level has introduced a number of real estate tax relief or adjustment policies, involving the three major types of taxes: deeds tax, personal income tax, and value-added tax. According to estimates by the Shanghai Yiju Real Estate Research Institute, after implementing the three major tax reduction policies for real estate, housing transactions across the country can reduce taxes by about 100 billion yuan a year. From the perspective of a buyer or seller, the tax reduction policy is not a “symbolic discount” of a few thousand yuan for ordinary households, but rather a cash burden reduction of 100,000 to 500,000 yuan. For replacement buyers in first-tier cities, the amount of tax reduction is even enough to cover the family's living costs for two to three years. Taken together, the overall real estate tax is developing in the direction of continuously reducing transaction costs, equalizing the tax burden in first-tier cities, and promoting market liquidity. It has played an important role in stabilizing property market expectations, activating transactions, and supporting improved demand.