Study On Levying Vacancy Tax On Real Estate

It shows in the data of State Grid Corporation of China that in the660cities,there are more than65.4million flats with zero power consumption in6months in2009. The phenomenon of vacancy becomes the hot topic in the society. According tothe development of the property market these years, the more need of investmentswhich gain profits from the price differences leads to the wastes of housing. It makesthe contradiction between supply and demand increased more dramatically and pushesthe price irrationally. In this case, this thesis is supposed to propose some suggestionsfor the vacancy tax, hoping interferes the property market by the tax lever principleand then restrains the unreasonable occupancy of housing resource.Firstly, the present study defines the vacancy tax and identifies the problems inthe vacancy which needs the government intervention. Then, it talks about therationality and necessity of levying the vacancy tax in the perspectives of system,theories and reality. The analysis of the difficulties in the reform in the land system toimprove the land supply and lower prices will be put forward. It also analyzes thechanges in the current housing supply structure to ensure self living in the marketcompetitiveness of the inefficient in the short term. The government tries to restrainthe need of speculative through the limitation of purchase and mortgage, pricecontrolling, property tax, property tax idle etc, but the result is not good. In thissituation, the government can use the vacancy tax to improve the property market. Onthe other hand, this study compares the “countries five control policy” with the legalbasis of collecting vacancy tax and points out the feasibility and superiority ofcollecting vacancy tax. The last step is to conclude the reference to vacancy tax on thebasis of the tax regulations of the countries in the world. Furthermore, the thesis willpropose solutions to the problems which may come out in the plan of vacancy tax.