BEIJING: China on Wednesday (Nov 13) announced a raft of tax policies aimed at boosting the country's ailing real estate market, state media said, including cuts to property deed taxes and VAT. Deed tax incentives for housing transactions would be "enhanced to actively support basic and improv

China is looking to slash taxes on home purchases as the government strengthens fiscal support for its ailing real estate sector, a media report said on Tuesday. Beijing has in recent months also announced a raft of measures aimed at boosting economic activity, including rate cuts and the easing of some home purchasing restrictions.

China is looking to slash taxes on home purchases as the government strengthens fiscal support for its ailing real estate sector, a media report said on Tuesday. Beijing has in recent months also announced a raft of measures aimed at boosting economic activity, including rate cuts and the easing of some home purchasing restrictions.