BEIJING: China on Wednesday (Nov 13) announced a raft of tax policies aimed at boosting the country's ailing real estate market, state media said, including cuts to property deed taxes and VAT. Deed tax incentives for housing transactions would be "enhanced to actively support basic and improved housing needs", state broadcaster CCTV said, citing various government agencies, including the Ministry of Finance. The property sector has long accounted for around a quarter of gross domestic product

Tag-uri: Real Estate