Ji Huaiyin, a deputy director of the fiscal and finance department under the State Council’s Legislative Affairs Office, said imposing a property tax earlier is better than imposing the tax later, the official Xinhua News Agency reported yesterday, citing an interview with Ji.

Action should be taken step-by-step, Xinhua cited him as saying. The tax should also not be imposed on properties that are primary residences, according to the report.

bloomberg.com