China Rises Capital Gains Tax On Used Home Transactions : News Photo

China Rises Capital Gains Tax On Used Home Transactions

NANJING, CHINA - MARCH 04: (CHINA OUT) People crowd into the Nanjing Municipal Real Estate Trading Centre looking to sell property ahead of a tax policy change on March 4, 2013 in Nanjing, China. According to an online statement from the China's State Council last Friday, China will rise the capital gains tax on home sales, potentially levying sellers with a tax as high as 20 percent a signifucant increase on the current 1 percent to 2 percent. Excessive real estate speculation and a 'housing bubble' is seen as risk to the nation's overall economic stability. (Photo by ChinaFotoPress/Getty Images)
Caption:
NANJING, CHINA - MARCH 04: (CHINA OUT) People crowd into the Nanjing Municipal Real Estate Trading Centre looking to sell property ahead of a tax policy change on March 4, 2013 in Nanjing, China. According to an online statement from the China's State Council last Friday, China will rise the capital gains tax on home sales, potentially levying sellers with a tax as high as 20 percent a signifucant increase on the current 1 percent to 2 percent. Excessive real estate speculation and a 'housing bubble' is seen as risk to the nation's overall economic stability. (Photo by ChinaFotoPress/Getty Images)
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Date created:
March 04, 2013
Editorial #:
163119588
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Rights-managedRights-managed products are licensed with restrictions on usage, such as limitations on size, placement, duration of use and geographic distribution. You will be asked to submit information concerning your intended use of the product, which will determine the scope of usage rights granted.
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ChinaFotoPress / Contributor
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ChinaFotoPress
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ChinaFotoPress via Getty Images
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3,000 x 2,115 px (10.00 x 7.05 in) - 300 dpi - 1.05 MB
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ChinaFotoPress
Object name:
73642387

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People crowd into the Nanjing Municipal Real Estate Trading Centre... News Photo 163119588Business,Changing,Civilian,Corporate Business,Crowd,Economy,Finance,Horizontal,Looking,Nanjing,People,Resident,Selling,Strategy,TaxPhotographer Collection: ChinaFotoPress NANJING, CHINA - MARCH 04: (CHINA OUT) People crowd into the Nanjing Municipal Real Estate Trading Centre looking to sell property ahead of a tax policy change on March 4, 2013 in Nanjing, China. According to an online statement from the China's State Council last Friday, China will rise the capital gains tax on home sales, potentially levying sellers with a tax as high as 20 percent a signifucant increase on the current 1 percent to 2 percent. Excessive real estate speculation and a 'housing bubble' is seen as risk to the nation's overall economic stability. (Photo by ChinaFotoPress/Getty Images)