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Are there any tax reductions for Hong Kong and Macao people selling houses in the Mainland?
It fell down.
In order to promote the stable and healthy development of the real estate market, the Ministry of Finance and State Taxation Administration of The People's Republic of China issued an announcement to optimize and adjust the personal income tax policies related to the sale of self-owned houses by mainland residents, and made it clear that eligible non-resident individuals can enjoy the preferential policy of temporary exemption from personal income tax when purchasing stock houses, which promoted the real estate market transactions.
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