China is cutting taxes for home purchases, as the government tries to put a floor under falling prices and sustain an improvement in housing transactions.
The nation cut home purchase deed taxes to 1% for first- and second-house buyers of flats of 140 square meters and below, from a current level of as much as 3%, according to a joint statement on Wednesday by the Ministry of Finance, State Taxation Administration and Ministry of Housing and Urban-Rural Development.
Visited 1 times, 1 visit(s) today
