China’s new residential properties tax will be based on “appraisal value”, according to the Chinese finance minister. Photo: Bloomberg

China property tax based on ‘appraisal value’, with legal process to be in place by 2019

Policy statement in People’s Daily story on Wednesday offers strong hint long-delayed, much-debated property reform is gaining momentum, say analysts

Topic |   Property policies

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China’s new residential properties tax will be based on “appraisal value”, according to the Chinese finance minister. Photo: Bloomberg
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