What exactly is the “House and Land Combined Tax” and why is everyone so afraid!
The real estate and land integration tax is a real estate transaction tax implemented in 2015. It is taxed on the actual income from the sale of houses and land. This tax regime applies to real estate acquired after 105 years when sold; short-term transaction tax rates are as high as 35% or 45%. The revised version 2.0 on April 28, 2010 further strengthened the regulations, including heavy taxation on short-term arbitrage, taxation on legal persons, expansion of taxation scope, prevention of tax evasion by claiming land, etc. General households are not affected by this tax at all if they do not sell or make a profit.
