11/5/2018-8

The new building vacant tax will soon be introduced

At the Q&A meeting of the Legislative Council last week, Chief Executive Lam Yuet-soo denied the “asset value-added tax” but he could consider the “vacuity of the new building”. Sometimes I cannot help asking whether our Legislative Council members have sufficient wisdom. Even if the government introduced an asset-added tax, how to solve the problem of inadequate housing supply.

If there is a deficit budget in Hong Kong, it may be considered to introduce a capital gains tax. If it is launched now, it will be the treatment of foot pain, or it will be a step for Lin Zheng.

Asset Valuation One Yulin Zheng trampled?

Although Lin Cheng considers the vacant tax of the new building, I believe it is not far from the launch date. There are quite a few people saying how the government knows that the new building is vacant. In fact, the name of the new building vacant tax is indeed somewhat confusing. If the explanation is more clear with the auto industry, the new building vacancy tax is actually similar to the first registration tax for new cars, but It is the opposite of interpretation. If a new car is not sold, it will not be required to pay the first registration tax. However, if the new building has already been occupied, the new building will be emptied of tax. The official figures now show that 9,000 new buildings have not yet been sold. To be honest, this figure is not alarming. However, 20,000 units are occupied this year, and 20,000 units will be employed next year. Only about 12,000 units will be sold each year. The vacancy of new buildings will rise rapidly.

Delayed half-year recruitment is fairer to real estate developers

Property prices have risen due to insufficient supply. Therefore, the vacant tax on new buildings is a must. Now it is very difficult for the PAC members to agree that at least it will not pull the government. The government should propose the relevant proposals earlier; when the government is preparing to submit the relevant proposals, the real estate developers will certainly Accelerating the sale of new discs, especially those that will be occupied in the short term, to show the government that the number of vacancies that have already entered the new building is not surprising. It may have been effective if the law is not issued.

Frankly speaking, the Chief Financial Secretary, Chen Maobo, first talked about the vacant tax on the new building at the end of March. There was a lot of objection and it came from all sides; now, the opposition voice has been reduced a lot. I believe this is because we never know that we understand the vacant tax of the new building. result.

There are many laws to be complied with to sell new buildings. For new real estate with only a few units left unsold, real estate developers prefer not to sell the vacant space. Moreover, the cost of holding goods is not high, and the prices of housing are getting higher and higher. Therefore, I think the government For those who have already taken possession of new properties, the “red tape” when the sale of new buildings should be cancelled, it will take a while to start collecting new vacant taxes for about six months to a year. This is fairer. By then, everyone will learn that the vacant tax on the new building will actually help ease the supply shortage and even cool the property market.