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globalreutersNovember 18, 20241 Mins read
Chinese city of Shanghai said it would reduce some taxes on real estate transactions
globalreutersNovember 18, 20241 Mins read Chinese state media with the report, taxes on property reduced in Shanghai.
- Shanghai said on Monday it would reduce some taxes on real estate transactions effective from Dec. 1, a move that will support the local property market, according to state media report.
- Residents will be exempt from VAT when they buy a property for two years or more and sell it
Info comes via Reuters, more at the link.
This article was written by Eamonn Sheridan at www.forexlive.com.
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