| China's capital Beijing has broadened what counts as a "normal" residence for the purpose of tax breaks and other policies, in a move likely to be seen as a support for the struggling property sector.
The city government has for some districts roughly doubled the maximum value for an apartment to be considered normal, which will enable more homeowners to be exempt from certain taxes, including on when they resell their homes, according to the official Xinhua news agency.............................................Full Article: Source
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