Reduction and Exemption Regulations for Real Estate Tax (abb : RET):

1 . The following categories of real estate shall be exempt from RET:

(1) Real estate for the private use of state organs, people's organizations, and the armed forces (including the armed police);

(2) Real estate for the private use of institutions whose expenses are allocates by state finance departments ;

(3) Real estate for the private use of religious temples and shrines, parks, and places of historic interest and scenic beauty;

(4) Other real estate approved by the Ministry of Finance as tax exempt.

For the real estate newly-bought or built, taxpayers shall enjoy a 3-year period of exemption from RET since the next month after purchase or completion, but the regulation doesn't fit individual taxpayers .
 

If real estate of RET-exempt units is used for manufacture, business, lease, contract, or lending, taxpayers will be obliged to pay RET as regulated.
 

Real estate co-used by taxpayers and RET-exempt units shall be differentiated, and accordingly, the two kinds of users shall be exempt from or pay RET respectively.

2 . Range of reduction and exemption expands as follows:

(1) Real estate for the private use of schools, hospitals, sanatoria, nurseries, kindergartens which are affiliated to enterprises or their competent authorities, shall be exempt from RET in reference to that of institutions with expenses allocated by state finance departments;
 

(2) Real estate for the private use of training centers of state organs and institutions with expenses allocated by state finance departments, shall be exempt from RET, whether training-fees shall be charged. The regulation also applies to training centers run by enterprises or their competent authorities, but in reference to that of the above-mentioned schools .
 

(3) Real estate for the private use of private schools, clinics, nurseries, and kindergartens shall be exempt from RET. RET shall be levied as regulated if the above-mentioned real estate is used for business, lease, contract, or lending.
 

(4) Real estate for the private use of experimental fields to students of colleges and the like, or for the private use of school-run factories as work-study programs, shall be exempt from RET.
 

RET shall be levied on the real estate used either by profit-oriented enterprises or by joint ventures co-established with other individuals or economic equities and through individual or unit contractors .
 

(5) With testimonials from neighborhood committees or village committees, the solitary aged living on rent shall, following the application by taxpayers and approval thereof by tax authorities, be exempt from RET or pay it at a reduced rate .