Study On Instauration Of Private Housing Property Tax In China

In recent years, the rising housing price has become all unprecedented hot issue that our government need to solve. The rise of speculative investment of the real estate market results in the soaring housing prices. Speculative real estate investors obtain benefits by taking advantages of the state policies that on the one hand self-use houses of residents and unsold houses of real estate developers are subject to exemption from house property taxes; on the other hand, the gains from investment on housing are free of income taxes. This, to some extent, aggravates the gap between the poor and the rich in China and the increasingly unfair distribution of wealth. In view of the social impact of the soaring housing prices, the fundamental reason lies in the defects of the house property tax system. By introducing the current status of house property tax system, this paper analyzes the problems of the current house property tax system and the content of the house property tax reform, puts forward some suggestions against the problems and analyzes the impacts of house property tax reform.The paper studies this subject from the government perspective of reform of the real estate tax system and social fair with the belief that Private Housing Property Tax is needed. First, the paper introduces the research background and meaning, research structure and content, study method and innovation. Second, the author states the definition of the property tax concept, and specifies the theoretical basis of levying property tax. Then, we describe the necessity and feasibility of the property tax, the author describes the policy background of real estate tax, and through analyzing the property tax system of developed countries and regions, the author summarize the enlightenment on China from foreign property tax. Next, then through designing, collecting, analyzing the questionnaire, the author explores the existence of property tax issues. At last, the author puts forward the property tax levy steps, and gave the real estate tax policy recommendations to how to carry out in China.