[QODLink]
Asia-pacific

New tax alarms China housing market

New government policy to impose capital gains tax driving China's real estate market into frenzy.

Last Modified: 31 Mar 2013 06:41
Email Article
Print Article
Share article
Send Feedback

Thousands of people in China are rushing to either buy or sell their properties.

They are trying to avoid a new capital gains tax, which is expected to go into effect next month.

It is part of government measures to cool down China’s booming property market.

Al Jazeera's Rob McBride reports from Hong Kong.

54

Source:
Al Jazeera
Email Article
Print Article
Share article
Send Feedback
Topics in this article
People
Country
Organisation
Featured on Al Jazeera
Muslim volunteers face questioning and threat of arrest, while aid has been disrupted or blocked, charities say.
Six months on, outrage and sorrow over the mass schoolgirl abduction has disappeared - except for families in Nigeria.
ISIL combatants seeking an 'exit strategy' from Mideast conflict need positive reinforcement back home, analysts say.
European nation hit by a wave of Islamophobia as many young fighters join ISIL in Syria and Iraq.
Featured
Lack of child protection laws means abandoned and orphaned kids rely heavily on the care of strangers.
At least 25 tax collectors have been killed since 2012 in Mogadishu, a city awash in weapons and abject poverty.
Since she was 16-years-old, Scottish Nationalist Party's Sturgeon has strove for independence from the UK.
Armed group's ransom success with German hostages marks a re-emergence, as authorities investigate ISIL links.
Western nations are moving into the resource-rich country after decades of disinterest, challenging China's interests.