The supply of affordable rental housing welcomes a breakthrough in reducing the tax burden of housing leasing companies

Original title: The supply of affordable rental housing welcomes a breakthrough in the reduction of tax burdens on housing rental companies

Securities Times reporter He Jueyuan

Recently, housing leasing security work has taken a step further. The State Council executive meeting on June 18 determined a number of policies to accelerate the development of affordable rental housing, from increasing the supply of affordable rental housing to allowing more types of land and houses to be converted into affordable leases. Housing, reducing the tax burden of housing leasing companies, etc., to alleviate the housing difficulties of groups such as new citizens and young people.

Experts believe that the policy of this session of the State Council has made breakthroughs in increasing the supply channels of affordable rental housing in response to the rental demand of newly employed people in big cities, and has begun to pay attention to the operating pressure of leasing companies, and increase corporate confidence by reducing tax burdens. , To ensure the long-term development of affordable rental housing.

“Effectively increasing the supply of affordable rental housing and shared property housing” is a key task for 2021 specified in the government work report this year. Since the beginning of this year, the central and local governments have intensively introduced policies and measures to increase the supply of affordable rental housing. The Ministry of Housing and Urban-Rural Development held a seminar on the development of affordable rental housing in 40 cities on May 12 and 14, and proposed to vigorously develop affordable rental housing.

At the local level, the recently released “Opinions on Supporting Zhejiang’s High-quality Development and Building a Demonstration Zone for Common Prosperity” and “Shenzhen’s Fourteenth Five-Year Plan for National Economic and Social Development and the Outline of Long-Term Goals for 2035” all mention Land supply is tilted towards the construction of leased housing, exploring the use of collective construction land and idle land owned by enterprises and institutions to build leased housing.

And this session of the State Council has refined the work of increasing the supply of affordable rental housing. The regular meeting of the State Council determined that it is necessary to implement the main responsibility of the city government, encourage the participation of market forces, strengthen financial support, and increase the supply of small-sized affordable rental housing with rents below the market level. For large cities with net population inflows, collective operating construction land and enterprises and institutions’ own land can be used to construct affordable rental housing, and idle and inefficient use of commercial office buildings, factories, etc., are allowed to be converted into affordable rental housing .

Chen Sheng, president of the China Real Estate Data Research Institute, told the Securities Times reporter that the emphasis on increasing the supply of small-unit affordable rental housing with rents below the market level actually caters to the newly-employed groups such as new citizens and young people in my country’s large cities. The main demand for the room type is targeted for supply. In terms of supply methods, the meeting clearly made a breakthrough on the land supply side, determined to use collective construction land and self-use land for enterprises and institutions, and even allowed some excessively idle commercial office buildings and factories to be rebuilt, ensuring housing supply through multiple channels .

Yan Yuejin, research director of the Think Tank Center of E-House Research Institute, pointed out that the policy will connect idle commercial office projects with affordable rental housing, so that idle housing can be properly handled, and such assets will be revitalized again, and inventory will be returned to circulation. Funding and increasing the availability of affordable rental housing were combined.

In addition, the biggest policy highlight of this regular meeting is the tax reduction policy for housing leasing companies. The regular meeting of the State Council determined that starting from October 1st, housing leasing companies will apply the simplified taxation method for renting houses to individuals, and pay the value-added tax at a rate of 5% and 1.5%; for enterprises and institutions, they will be paid to individuals and specialized scales. The real estate tax will be levied at a reduced rate of 4% for rented housing by commercial housing rental companies.

Yan Yuejin pointed out that the current property tax reduction policy, in popular terms, means that a “public-to-business” housing trusteeship or rental behavior can obtain a larger real estate tax reduction or exemption. Under this policy, various entity companies will actively cooperate with leasing companies to hand over such rentable houses for use as rental housing, especially affordable rental housing.

Bo Wenxi, chief economist of IP Global China and vice chairman of China Capital Alliance, told reporters that the National Convention will reduce the tax burden of leasing companies and release the policy level to try to reduce the operating costs of leasing companies to encourage guaranteed leasing. The intention of housing industry development. However, it should be noted that the operating pressure of long-term rental apartment companies that have “exploded” before is still relatively high. In the subsequent policy support for the development of leasing companies, it can also be sustained and integrated through financial subsidies, financial support, and talent policies. Sexual force.

Editor in charge: Wang Ting