ntax in 2021 and the original version 📝

In 2021, the new regulations for deed tax have brought some changes to the original rules. The most significant change is that the deed tax rate remains consistent with the previous version, generally ranging from 3% to 5%. However, there are specific preferential policies for first-time homebuyers and those purchasing ordinary residential properties. For instance, first-time homebuyers can enjoy a reduced rate of 1%-2%, making it more affordable to own their dream homes.

Moreover, the new regulations emphasize the importance of transparency and fairness in tax collection. Local governments are required to disclose detailed information about tax rates and policies to ensure public awareness. This move aims to prevent arbitrary increases in tax burdens and enhance trust between the government and citizens.

Despite these changes, the core purpose of the deed tax—regulating real estate transactions and curbing speculation—remains unchanged. The new rules also encourage long-term stable development in the real estate market. Whether you're a first-time buyer or a seasoned investor, understanding these updates will help you make informed decisions.🏠💰