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China may delay its much-feared property tax amid price slump in nation’s real estate industry

Summary:
[unable to retrieve full-text content]China’s property tax could be another casualty of the slump in the housing market, with analysts expecting the government to hold off on expanding trials of the levy because of a real estate-led economic slowdown.In October last year, China’s parliament authorised the limited property tax in Shanghai and Chongqing be expanded to more cities, with some analysts forecasting that it could begin by the end of 2021. However, the rapid deterioration of the real-estate sector and the lack of any…

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[unable to retrieve full-text content]
China’s property tax could be another casualty of the slump in the housing market, with analysts expecting the government to hold off on expanding trials of the levy because of a real estate-led economic slowdown.In October last year, China’s parliament authorised the limited property tax in Shanghai and Chongqing be expanded to more cities, with some analysts forecasting that it could begin by the end of 2021. However, the rapid deterioration of the real-estate sector and the lack of any…

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