From the chinese press
China Daily | Updated: 2011-09-09 07:54
Joint notice a relief for couples
The Ministry of Finance and the State Administration of Taxation have jointly issued a notice saying no tax will be imposed when married couples change their property registration from sole ownership to joint ownership. The notice reflects the government's respect for public opinion and public interest, says an article in Huaxi Metropolis Daily. Excerpts:
The news that a "name-adding tax" could be imposed on a person changing his/her property registration from sole ownership to joint ownership with his/her spouse created a stir among the public, even though the State Administration of Taxation said it would discuss the feasibility of such a tax before imposing it.
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