Please can i seek some advice.
I am looking to sell a property in the next year that i purchased in July 2006.
My questions are :
1) What is the Procedure/Ruling regarding repatriating RMB out of China,following the sale ?
2)The 5.5% Sales Tax introduced for property sales within 5 years,was this effective from a specific date,or was it a "catch all"?
Thanks for your help
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UH20
19 yrs ago
1). You can covert the sale amount of your house in RMB to US$ at the larger branches of Bank of China.They will require a lot of documentation so bring everything you can imagine relating to the sale and the original purchase. They will only approve this if it is the first house.
2). Not sure about the tax, but you can probably get an accurate answer from any of the places that deal in real estate.
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