With the strictness of collection and management, in the future, there is a high probability that individual income tax will be levied on house rent.
Open the individual income tax APP, you can see that in the "Income Tax Details", five new types of personal income have been added, namely: business income; interest, dividends, bonuses; leasing of property; transfer of property; Incidentally.
In fact, the "Individual Income Tax Law of the People's Republic of China" has long made it clear what are the categories of income that need to be subject to individual income tax, but some taxes have not been actually collected.
If personal income tax starts to be levied on house rents, landlords and second-hand landlords will inevitably panic.
The current economic situation of real estate, housing prices are difficult to rise, rental rents are also low, and paying taxes is simply worse.
Therefore, more and more middle and high-net-worth individuals are switching from physical real estate to "financial real estate", which can not only maintain and increase value, but also continue to obtain stable cash flow!
Although financial real estate cannot be seen or touched, it can increase in value, inheritance, realization, and rent collection, and the key is that its threshold is low; The physical property will be affected by factors such as location and house type, and the rent is also very uncertain.
Since the promulgation and implementation of the 517 epic new bailout policy, the real estate market has adopted a series of regulatory measures. This includes lowering down payments and mortgage rates to record lows, as well as requiring local governments to aggressively acquire unsold unsold inventory properties, with the aim of stabilizing home prices through universal leverage.
In the past month, all parts of the country, including Shanghai, Shenzhen, and Guangzhou, have followed up and implemented, but the market has turned downward again after a short recovery.
The original intention of the moderate relaxation of the housing purchase policy is to stimulate the vitality of the market and promote the steady development of the economy. However, this does not signal a significant upward trend in the property market. Policy adjustments are usually a prudent response to the current economic situation, rather than a means to completely change the internal laws of the market.
Let's take a look at the average listing price of second-hand housing in the top ten cities in May 2024 and the year-on-month comparison:
Let's take a look at the average price and month-on-month change of second-hand housing in the top ten cities from July 2020 to May 2024):
Note: The above data are from the China Index Research Institute
At present, the risk of real estate investment is increasing significantly. The uncertainty of global economic fluctuations and the profound impact of domestic economic restructuring can have a significant impact on the value and future earnings of a property.
So, should you buy a house in 2024?
In fact, Li Ka-shing has already made it clear in two sentences.
The first sentence: If you have the financial conditions and urgently need to buy a house, as long as the down payment is enough and the monthly payment can be repaid, you can start. If you want to invest, then there is no need.
The second sentence: In the future, house prices will fall, and the house will become less and less valuable.
Increasing the allocation of "financial real estate"
Not long ago, I was chatting with a friend, and he said that this year's economy is not good, housing prices are difficult to rise, and rental rents are low. Therefore, more and more middle and high-net-worth individuals are switching from physical real estate to "financial real estate", which can not only maintain and increase value, but also continue to obtain stable cash flow!
Although financial real estate cannot be seen or touched, it can increase in value, inheritance, realization, and rent collection, and the key is that its threshold is low; The physical property will be affected by factors such as location and house type, and the rent is also very uncertain.
The following editor will give you a detailed introduction to the main advantages of Hong Kong's "financial real estate".
01 "Financial real estate" continues to increase in value
The "house price" of this product is expected to show a steady growth trend, and its growth trend is similar to a snowball effect, the time is like a slope, as long as the slope is long enough, the snowball will continue to accumulate and increase.
In addition, the property represented by the product has a high level of security, and investors do not need to worry about its risk during the holding period, as the expected policy value is clearly written into the contract. At the same time, Hong Kong insurance companies regularly publish their fulfillment ratios as an important indicator to assess the performance ability of insurance companies.
As a result, insurers that choose well-known brands tend to have better fulfillment ratios and provide investors with more reliable protection.
02 "Financial real estate" is easy to realize
Although the initial value of a financial property is relatively low, it will generally be worth more than the premium paid after a few years of holding.
If there is actual demand during this period, financial properties can be quickly realized. You can either "sell" it all, i.e. choose to surrender part of the policy, "sell" part of it, keep part of it, or withdraw part of the dividend every year.
The monetization process is efficient and convenient, and funds are usually available within a few business days. In contrast, the process of monetizing physical properties can be cumbersome and time-consuming, and it is often difficult to complete the transaction in a matter of months.
03 "Financial real estate" stable rent collection
In situations where income disruption is faced, such as a midlife crisis or when reaching retirement age of 60, individuals do not need to rush to find new job opportunities. The "rent" income generated by financial real estate can effectively maintain their daily living expenses and ensure the stability of their basic life.
For life after retirement, the "rent" of financial real estate can also be used as a supplement to pensions, or used for consumption activities such as travel and shopping to further improve the quality of life of individuals.
In the current market environment of low interest rates, Hong Kong insurance can provide stable annualized returns of up to 7%+, which is particularly outstanding. At the same time, its income is not affected by market fluctuations, providing investors with a relatively stable and safe investment channel.
When choosing a specific product, you also need to choose a policy plan that suits you according to your actual situation and needs, do not blindly follow the trend, comprehensively consider the details of the product, and choose a policy plan that suits you. Professional planning, keep the wealth, and share the fruits of wealth with your family!
If you have any questions about product selection, Hong Kong insurance application, account opening and payment, or insurance claims, you are welcome to add green bubbles HDO1045 for consultation.
We have a professional team to communicate with you in detail, and can tailor an insurance plan for you, assist you in completing the insurance payment process, and help you better manage your policy.
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