China real estate investment handbook - 2009 edition
The details that make a difference
The Deloitte China Real Estate Industry Practice launched the renewed thought leadership - China Real Estate Investment Handbook: The details that make a difference, 2009 edition. The release of the 2009 edition Handbook comes against a background of global economic turmoil triggered by the global financial crisis, the effects of which are now being felt in China. The real estate sector is a significant pillar of the Chinese economy and is not immune to the current crisis.
This Handbook serves as an important resource for investing in China real estate market, to keep you abreast of the investment climate and significant regulatory changes that may have implications for your clients' investments.
Some of the new developments highlighted in this edition include:
- discussion of the International Financial Reporting Interpretations Committee's ("IFRIC") Interpretation 15, regarding accounting for "Agreements for the Construction of Real Estate"
- recent tax rulings by the Chinese tax authorities which signal an intention to crack down on treaty shopping by investors attempting to avoid Chinese tax
- details of the new transfer pricing documentation rules
- development of REITs and Islamic finance in China.
Read related press release: Deloitte updates its handbook for real estate investors, addressing China’s latest regulations, government measures, opportunities and challenges arising from changes in the market