China Extends Home Sale Tax Rebate to Support Housing Market
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China has extended a personal income tax rebate for homeowners who sell a home and buy another through the end of 2027, in a bid to revive activity in the country’s sluggish housing market.
The move adds to a series of tax breaks as Beijing seeks to stabilize a property sector still weighed down by weak demand and falling sales.
Jointly announced by the Ministry of Finance, the State Taxation Administration and the housing ministry, the extension allows individuals who sell a home and buy another in the same city within one year to claim a refund of the income tax paid on the sale.
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- China extended a personal income tax rebate for home sellers who buy another property until end-2027.
- The policy aims to support the struggling housing market and applies to buyers replacing homes in the same city within one year.
- Full or proportional tax refunds are given based on the home’s price; prior expiration was set for 2025, and main home owners of over five years are typically exempt.
- October 2022：
- China first introduced the personal income tax rebate policy for homeowners who sell a home and buy another.
- By end of 2025：
- The income tax rebate policy was originally set to expire.
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