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Chinese authorities to relax sales tax on homes: report
Published Mon, Oct 20, 2014 · 09:50 PM
Beijing
CHINESE authorities are likely to relax the sales tax on existing homes, the Beijing-based China Securities Journal reported on Monday.
Under the new policy, sales of a second home purchased no less than two years prior will be exempt from a 5 per cent tax on the transaction price, said the daily, citing well-placed sources.
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