China property tax trial likely delayed during real estate downturn

In October last year, China’s parliament authorised the limited property tax in Shanghai and Chongqing be expanded to more cities, with some analysts forecasting that it could begin by the end of 2021. (File pic shows the Shanghai skyline with buildings.)

HONG KONG: China’s property tax could be another casualty of the slump in the housing market, with analysts expecting the government to hold off on expanding trials of the levy because of a real estate-led economic slowdown.

In October last year, China’s parliament authorised the limited property tax in Shanghai and Chongqing be expanded to more cities, with some analysts forecasting that it could begin by the end of 2021.