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	NOTICE OF THE STATE ADMINISTRATION OF TAXATION CONCERNING THE RELEVANT POLICIES ON REAL ESTATE TAX AND URBAN LAND USE TAX

	(No.89 [2003] of the State Administration of Taxation promulgated on July 15, 2003)


SUBJECT : LAND USE TAX & REAL ESTATE TAX; URBAN
ISSUING DEPARTMENT : STATE ADMINISTRATION OF TAXATION
ISSUE DATE : 07/15/2003
IMPLEMENT DATE : 07/15/2003
LENGTH : 343 words
TEXT :

With the swift development of real estate market of China, more and more problems involving the policies on real estate taxation are emerging. Therefore we are clarifying the relevant policy issues concerning real estate tax and urban land use tax as follows upon investigation and study and after seeking opinions from all sides:

I. REAL ESTATE TAX EXEMPTION FOR THE COMMODITY HOUSES BUILT BY REAL ESTATE DEVELOPMENT ENTERPRISES

Considering that the commodity houses built by a real estate development enterprise are, before being sold, a production of that enterprise, therefore, no real estate tax will be levied on the commodity houses built by a real estate development enterprise before the sale of those houses. However, real estate tax shall be levied on the commodity houses that the real estate development enterprise has already used, leased or lent before the sale of them.

II. DETERMINATION OF THE TIME OF OCCURRENCE OF THE OBLIGATION TO PAY REAL ESTATE TAX AND URBAN LAND USE TAX

(1) With respect to a newly built commodity house that has been purchased, the real estate tax and urban land use tax shall be calculated starting from the month following the delivery of the house for use.

(2) With respect to an inventory house that has been purchased, the real estate tax and urban land use tax shall be calculated starting from the month following the making of the registration of transfer and alteration of the house title and the issuing of the certificate of house title by the registration authority of real estate title.

(3) With respect to a house that has been leased or lent, the real estate tax and urban land use tax shall be calculated starting from the month following the delivery of the leased or rent house.

(4) With respect to a commodity house that was built by a real estate enterprise and has been used, leased or rent by that enterprise, the real estate tax and urban land use tax shall be calculated starting from the month following the use or delivery of the house.