Break Marriage to Cut Property Tax!!!

Over 50 couples in Shanghai, China filed for divorce within a day, in order to save tax on home sales. Report claims that similar figures were recorded in Wuhan, Nanjing and Ningbo in China. The couples opted to spend a small amount and divorce to split property ownership to escape paying the capital gains tax. A recent policy increased capital gain tax to as much as 20% of the property price.

Visit http://bit.ly/couples-divorce to know more.