Lankao, Henan: Implementing the policy of "recognizing a house but not a loan", the maximum provident fund loan limit is raised to 600,000 yuan

On September 21, Lankao County, Kaifeng City, Henan Province issued the "Ten Measures for Lankao County to Promote the Development of the Real Estate Market", involving provident funds, tax incentives, etc.

The document states that Lankao County will support group purchases of commercial housing for sale. Establish a group purchase platform for commercial housing on sale, with all real estate companies voluntarily participating to support enterprises and institutions in centralized group purchase of commercial housing. In principle, group buying refers to the one-time purchase of 5 or more sets of commercial housing, with certain price discounts provided by real estate companies. The group buying houses must be existing or quasi-existing houses (completed and delivered within one year) with all the "five certificates" from the date of the issuance of this measure.

Lankao County will also extend the preferential treatment for commercial housing deed tax and personal income tax. For the period from January 1, 2023 (inclusive) to December 31, 2023 (inclusive), based on the signing date of the registered house purchase contract, newly-built commercial houses (including residential, non-residential, etc.) purchased within the county Taxpayers who apply for subsidies before January 10, 2024 (including second-hand houses) will be given a subsidy based on 15% of the total deed tax paid. The deed tax subsidy adopts the "collect first, pay later" method, and can only be enjoyed once per house.

From January 1, 2023 (inclusive) to December 31, 2023 (inclusive), taxpayers who buy and sell new commercial buildings and second-hand commercial buildings and pay deed tax, and declare subsidies before January 10, 2024 (inclusive), will be given an overall subsidy of 10% of the tax paid.

From October 1, 2022 (inclusive) to December 31, 2023 (inclusive), those who sell their own homes and then purchase a new home within one year will be given a tax refund preferential treatment for the personal income tax paid on the sale of their existing homes (new If the purchase amount of the house is greater than or equal to the transfer amount of the existing house, all the personal income tax paid will be refunded; if the amount of the newly purchased house is less than the transfer amount of the current house, the personal income tax paid on the sale of the existing house will be refunded according to the proportion of the newly purchased house amount to the transfer amount of the existing house).

At the same time, the policy on the use of housing provident funds will be optimized. Adhere to the cross-regional integrated management of "mutual recognition, mutual lending and information sharing" with the housing provident funds of Zhengzhou and Kaifeng. Employees who pay and deposit housing provident funds in Zhengzhou and Kaishan will enjoy the same treatment as employees who pay and deposit in Lankao County. Employees who apply for a loan to purchase a self-occupied house in the county will enjoy the same treatment as employees who pay and deposit in Lankao County; those who have established a housing provident fund account in Lankao County or whose household registration in Lankao is outside the city are required to make continuous deposits for 6 to 24 months to purchase their first self-occupied house in the county. When applying for loans for families with two, three or more children to purchase self-occupied housing in the county, the loan limits will be increased by 30,000 yuan and 50,000 yuan respectively based on the normal accounting base, and the maximum loan limit shall not exceed 600,000 yuan. From the day after the policy is released to March 31, 2024 (inclusive), the housing provident fund will implement a 20% down payment ratio for the first home, and the maximum loan limit will be increased to 600,000 yuan; for introduced high-level talents who rent self-occupied housing in the county and withdraw housing provident funds, they can withdraw housing provident funds based on the actual rent paid.

Meet reasonable financing needs. Encourage financial institutions and real estate companies to independently negotiate on the basis of commercial principles for existing financing such as development loans and trust loans for real estate companies on the premise of ensuring the safety of financial institutions' claims and the closed operation of funds. For those that expire on December 31, 2024, an extension of one year beyond the original regulations may be allowed; commercial banks will be encouraged to negotiate based on commercial principles. The rate policy is dynamically adjusted to implement the lowest loan interest rate for personal housing; starting from September 25, 2023, borrowers with existing commercial personal housing loans for first homes can apply to the lending financial institution, and the financial institution will issue a new loan to replace the existing commercial personal housing loans for first homes or negotiate to change the interest rate level agreed in the contract. The interest rate level of new loans is determined by independent negotiations between financial institutions and borrowers; implement the policy of "acknowledge a house but not a loan", optimize the identification standards for second homes, and implement the first-home loan policy for families who own one home and have paid off the corresponding home purchase loan to apply for a loan to purchase commercial housing again; implement the "available immediately, apply as soon as you come" corporate real estate mortgage registration, and in real estate development and construction projects where the building has exceeded plus or minus zero but has not received a pre-sale license, separate mortgage financing with the construction land use rights is allowed.