“The re-sale of the inherited house requires a tax of 20% of the total house price” is considered an ancient super rumor. I myself have been asked by relatives, friends, classmates, and customers more than ten times or dozens of times. this problem. And whenever the government introduces some policies on the property market and individual taxes, this rumor will follow the trend and cause chaos. For example, on June 13, 2019, the State Administration of Taxation issued the “Announcement on Individual Income Taxable Income Items Applicable to Individual Income”, clarifying that “If real estate is given to others, the recipient needs to be calculated according to the “incidental income” item. Personal income tax is paid. But gifts to spouses, immediate family members, brothers and sisters do not need to pay. Those who inherit the house do not need to pay individual tax.”. At this time, a bunch of articles came out, saying, “Although you are exempt from paying a tax when you receive a donated house or inherit a house, when you want to sell it, you have to pay a tax of 20% of the total sale price. 1. I can’t escape fifteen!” I even passed by a real estate agency once and saw a set of second-hand housing listing information posted on the glass window that said, “Inheriting the real estate, the 20% tax will be borne by the buyer!”. How to pay the tax on the re-sale of the inherited house or the donated house? Is there a “20% tax on the total house price”? What is the legal basis? This kind of professional question really cannot be answered by everyone. You must listen to the professional answers of lawyers. 1. Is there a “20% personal tax on the total house price”? Conclusion: There is indeed a “20% personal tax”, but the total house price is not the taxable income. According to my country’s “Individual Income Tax Law”, the income from property transfer shall be subject to personal income tax, and the applicable tax rate is 20%. The difference between the transfer income and the original value of the property shall be used as the taxable income. This is actually very easy to understand. I bought a house for 1 million, sold 2 million, and earned 1 million. How much income I earned. If I sell it for 1 million, there will be no income without making money, and I don’t need to pay income tax. . As for why there is such a rumor that “20% of the total amount of the transfer of the house price is tax”, I believe that many people think that the inherited or donated real estate is obtained without compensation, so the original value of the property is 0. Therefore, when paying income tax, there is no difference between the transfer income and the original value of the real estate, and the transfer income is directly used as the taxable income. There are many such claims, and rumors have formed over time. In fact, according to Article 4 of the “Notice of the State Administration of Taxation on Several Specific Issues in the Implementation of Real Estate Tax Policies” (Guo Shui Fa [2005] No. 172), individuals will use non-purchase forms such as donation, inheritance, and divorce property division. The purchase price of the acquired house for external sale shall be determined according to the original purchase price before the act of donating, inheriting, or dividing the property of divorce. Therefore, it can be seen that when transferring the donated or inherited real estate, the original value of the real estate is calculated based on the original purchase price, not zero. Therefore, even if you pay a 20% personal tax, the 20% personal tax is calculated by “transfer income minus the difference between the original purchase price”. 2. The sale of inherited or gifted houses are exempt from IIT tax. The sale of inherited or gifted houses by their parents can be exempted from IIT if they meet the statutory conditions. I believe many people know this condition, and even understand it well: the only thing that is full of five. The so-called five-year-old only means self-use for more than 5 years, and it is the only living room for the family. Legal basis: “Notice of the Ministry of Finance, the State Administration of Taxation, and the Ministry of Construction on Issues Concerning the Collection of Individual Income Taxes on Income from Individuals Selling Houses” (Caishuizi [1999] No. 278) 4. Transfer to individuals for personal use for more than 5 years and is the only life of the family The income obtained from housing use will continue to be exempted from personal income tax. “Notice of the State Administration of Taxation on Issues Concerning the Collection of Individual Income Tax on Income from the Transfer of Individual Housing” (Guo Shui Fa [2006] No. 108) 5. The individual is exempted from the individual’s income from the transfer of personal use for more than 5 years and the only living room of the family Income tax. 3. What is the starting point for self-use for more than 5 years? We know that in the sale of second-hand houses, the five-year period of the five-year period basically depends on the registration time of the real estate certificate, and based on this, it is judged whether the five-year period has passed. Then, if it is an inherited or gifted house, once the property right is changed, the registration time of the real estate certificate will become the date of the inheritance or gift. If I want to meet the five-year requirement, do I have to wait another 5 years? In fact, for non-purchase housing such as donation, inheritance, divorce analysis, etc., the purchase time is determined by the time of purchase before the donation, inheritance, divorce analysis, etc., rather than the time of registration of the real estate certificate. In other words, the starting point of five full in this case is the same as the starting point of selling the house when the parents are still alive or when the parents have not donated the house. Legal basis: “Notice of the State Administration of Taxation on Several Specific Issues in the Implementation of Real Estate Tax Policies” (Guo Shui Fa [2005] No. 172) 4. Individuals will obtain housing through non-purchase forms such as donation, inheritance, and divorce property division. The relevant provisions of the “Notice” are also applicable to sales activities. The purchase time of the house is determined according to the purchase time before the property division of donation, inheritance and divorce occurs, and the purchase price of the house is determined according to the original purchase price before the property division of the donation, inheritance, or divorce occurs. 4. If there are no more than five years, the individual tax rate of 20% is too high, what should I do? When some friends see this, they think “Most people basically have a house at the age of inheritance, and it is difficult to achieve the only one. The parents bought the house more than ten years or even decades ago, and the house price is very low, even if The original purchase price can be subtracted, but it can’t be reduced much. In fact, it is not far from 20% of the total property transfer price. The tax burden is too heavy!” What should be done? Earlier, I mentioned the method of tax verification and collection. After the author consulted with classmates working in the tax bureau, Shanghai has strictly implemented the regulations on the actual collection of inherited or donated houses, and verification and collection are not allowed. In the comment area, friends from the tax bureaus of other cities also commented that after 2019, the inherited or donated houses will no longer be subject to verification and levy. In this case, certain tax planning can be carried out. For example, you can consider gifting the inherited house to adult children, grandchildren or siblings who do not have a house under their name (it is recommended to sign an agreement in advance), and you need to pay 3%-5% (Depending on the city, the tax rate will be different) The deed tax and the stamp tax of five ten-thousandths of the gift are sold by the adult children, grandchildren or siblings of the gift at least five, which can save a lot of personal tax. . Before proceeding with tax planning, it is highly recommended to consult with professional lawyers and tax agents and sign relevant agreements to avoid any disputes. Ending: Family housing is related to the fundamentals of people’s livelihood. my country’s tax policies for individual housing, especially for properties acquired by inheritance and gifts from relatives, are more humane, whether it is taxation at the time of acquisition or collection at the time of resale. , It is biased towards the people’s consideration. In the face of such rumors and gossip, Attorney Xu reminded everyone that they must be based on facts and the law as the criterion.

zhiwo

By zhiwo

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helpmekim
6 months ago

A similar situation happened a few days ago. Consulted with the real estate trading center. For example, in the case of Shanghai where the requirement is only five years old, personal income tax can be exempted. As long as they are not at the same time for 5 years and the only house, they must pay personal income tax, about 20%. Generally speaking, if you have the estate left by your father, it must have reached the condition for 5 years, but it is very likely that your situation is not unique, then 20% of the difference will be collected As a personal income tax. If the house was bought for 800,000 yuan and the current transaction value of 1 million yuan, then in fact, you only need to pay 20% of the personal income tax on the difference of 200,000 yuan. But the problem is, if your father bought this house relatively early, such as when the commercial housing reform was just carried out in the early 1990s, he bought it. At that time, you might really be able to buy a house for only 10,000 or 20,000, but now the price of this house has risen to 1 million. Even if the tax is paid according to the difference, it will basically be paid according to the full price of the house. So objectively it becomes now, you have to pay personal income tax at about 20% of the full price of the house. But this tax is not called an inheritance tax, and my country has not yet levied a formal inheritance tax. (Note that Gao Zan’s answer says that the cost of your inherited house is zero, so it is wrong to start calculating the price difference as 0. The real estate center will pursue your parents for the cost of acquiring the house, which obviously cannot be zero.) So if this house is the only saleable house you currently have, it is theoretically tax-free, or your father had a higher cost of acquiring the house. So even if you pay taxes now, the taxable base will not be too high.

heloword
6 months ago

To be precise, China does not implement an inheritance tax. In 2017, the Ministry of Finance responded to some questions about inheritance tax, simply saying: inheritance tax is not levied in China at all, and we do not have the ability to levy it. Once it is levied, it will lead to capital outflow. Foreign countries are gradually abolishing inheritance tax. Tax out. Since there is no inheritance tax, some people have doubts. Ordinary people don’t have so many assets and have a house for a lifetime. After their parents die and inherit the only house of their parents, they pay 20% tax when they sell it. Is there no inheritance tax? What is going on here? Don’t worry, what you pay is not inheritance tax, but personal income tax. Let me make a digression. The prerequisite for 100% inheritance (real estate) is: the only child and the grandfather and grandmother died before their parents. When inheriting the property, there is no need to pay any inheritance tax. You only need to go through the notarization of the inheritance right and pay a small registration fee, and the house will belong to the heir. If you have been living or renting out by yourself, there is no big tax on this house. Once the inherited house is to be sold, the tax will come. Deed tax + value-added tax + individual tax are required for transaction transfer. Deed tax and value-added tax are small, and 20% individual tax is the big one. Summary: We often hear that the inherited estate is subject to a 20% tax. That’s how it came about. There is not much tax and fee for inheriting the house of parents, and there is no tax or fee if it is sold after inheritance. If it is sold after inheritance, the 20% tax will not run away. Is there any way to save this 20% tax? Yes, yes, not for everyone. When a family talks about money hurts feelings, it hurts money when they talk about feelings. The way to save tax and hurt feelings is as follows: If the house under the parents’ name is intended to be sold in the future, the family’s population is simple and there is no economic dispute, it is best to do a house sale with yourself before the parents’ death, and buy it for more than 2 years (including 2 Years) are exempted from value-added tax, and the only houses “self-used for more than 5 years” are exempt from personal income tax. This house can be transferred by paying a small amount of deed tax, and the tax and fee for later sales will be much less.

helpyme
6 months ago

There is no inheritance tax in my country, but buyers and sellers have to pay many other taxes during the real estate transaction process. In the current seller’s market, basically all taxes and fees are borne by the buyer. What are the costs of buying a second-hand house? 1. Housing payment. The most important thing is the housing payment. The total amount of second-hand housing payment is affected by the construction age, area size, block location, supporting facilities and other factors. It is recommended to make more comparisons and comprehensive considerations to select the most suitable home purchase target in mind. Based on the fact that most of the taxes and fees are calculated based on the total amount of the house payment and the area of ​​the house, these factors must be taken into consideration when starting the selection. 2. Monthly loan interest. Why should I mention the monthly loan interest? Although it is not required to be handed in at the beginning, it is distributed to each month. But for many friends, if you pay a lot of interest every month, it’s best to leave a little money at the beginning, so that you can afford the interest for a few months and give yourself a buffer. Don’t be too nervous. 3. Intermediary fees. Currently, the intermediary fee is almost 2%, 1% to 2% for smaller intermediaries, and 2.5% to 2.7% for well-known ones. What are the taxes for buying second-hand houses? 1. Deed tax: The deed tax is levied at a reduced rate of 1% for individuals purchasing the only house in the family with an area of ​​90 square meters or less. For areas above 90 square meters, the deed tax will be levied at a reduced tax rate of 1.5%. The deed tax will be levied at a rate of 2% for the second set of improved housing for individuals purchasing a family with an area of ​​90 square meters or more, except for the second set of houses in Beijing, Shanghai, Guangzhou and Shenzhen. 2. Personal income tax: It depends on whether the second-hand property right you purchased has been five years old and the seller has the only house. The reason for emphasizing this “full five” and “only” is that only the two conditions of full five can be exempted Tax. 3. Value-added tax and surcharges: The value-added tax and surcharge rate of the real estate certificate less than 2 years is 5.6% (the value-added tax rate is 5%). The real estate certificate is exempt from value-added tax for 2 years. There are also evaluation fees, stamp duties, registration fees, etc. that do not account for the bulk and are ignored. The policy has been changing, and the specific recommendations are subject to the calculation of the local tax bureau

sina156
6 months ago

rumor! There is no inheritance tax in our country. In essence, 20% of personal income tax. Personal income tax in house sales = (actual transaction price-original value of the house-taxes and related reasonable expenses paid in the process of transferring the house) * 20% because the inherited real estate is obtained for free by the children = tax and reasonable expenses & the original value of the real estate Low (some parents’ houses will be older and the price will be low), so in this extreme case resale will indeed lead to high personal income taxes. In theory, as long as the house is acquired for free, the only sale of less than five years old will also be taxed at 20%. However, there are so many ways to legally avoid this tax, so personal perception will not have much impact in reality.

yahoo898
6 months ago

It’s a fart! Did you ask the intermediary? This is all basic knowledge. If you ask an intermediary, the intermediary you are asking is either a black intermediary who wants to take your house at a low price and resell it for the difference, or it is a fake intermediary. I have never seen a 20% tax on the sale after inheritance. It is recommended to consult a professional. Don’t catch an agent Zhang Xiaowu and Li Laosan on the roadside, just ask the guys in Taiyuan if you need it, you can ask my friends from other places at any time. If you really don’t know who to ask, you can go to the Housing Management Bureau for advice. Money, what are you afraid of, please ask!

leexin
6 months ago

According to the document, the behavior of an individual to sell housing acquired through non-purchase forms such as inheritance is eligible for self-use for more than 5 years and is the only living room for the family, and the income obtained is exempt from personal income tax. If the conditions are met, there is no personal income tax on the transfer of 20% of the property during the transaction. Here, 20% refers to those who can accurately provide the original value of the house, and a tax is levied at 20% of the difference in the real estate transaction. If it can’t be provided, the local area will charge at 1%-3% of the transaction price, that is, only five. Individual tax exemption. According to the “Notice of the Ministry of Finance, the State Administration of Taxation, and the Ministry of Construction on Issues Concerning the Collection of Individual Income Tax on Individual Housing Income” The provisions of Zi [1999] No. 278) continue to be exempted from personal income tax on the transfer of income obtained by individuals for more than 5 years of self-use and the only living room of the family. It should be noted here that the date of purchase is determined for self-use for more than 5 years, which means that the time from the purchase of the house to the transfer of the house is more than 5 years. 1. Determination of the date of individual purchase of a house. Public housing purchased by an individual in accordance with the national housing reform policy shall be determined in accordance with the principle of whichever comes first when the purchase contract comes into effect, the date of issuance of the house payment receipt or the time indicated on the house title certificate; others purchased by individuals For housing, the date indicated on the house title certificate or the deed tax payment voucher indicated on the date shall be determined in accordance with the principle of whichever comes first. Importance of the invoice 2. The date when the individual transfers the house is based on the time indicated on the sales invoice. “The only living house for the family” refers to the taxpayer in the same province, autonomous region, or municipality (with a spouse, both husband and wife) Only own one house. Finally, an extension. When the recipient of the inherited house transfers the donated house, if the original value certificate of the house cannot be provided, the personal income tax can be verified when calculating the personal income tax. For the inherited house, the recipient of the real estate transfer cannot provide the original value certificate of the house. When calculating the individual income tax, the “Notice of the State Administration of Taxation on the Collection of Individual Income Tax on Individual Housing Transfer Income” (Guo Shui Fa [2006] No. 108) Article 3 stipulates the approval of expropriation. If a taxpayer fails to provide a complete and accurate proof of the original value of the house, and cannot correctly calculate the original value of the house and the tax payable, the tax authority may implement verification and approval in accordance with Article 35 of the Tax Collection and Administration Law of the People’s Republic of China Taxation means that the amount of personal income tax payable is determined according to a certain proportion of the taxpayer’s income from housing transfers.

greatword
6 months ago

A professional real estate agent in Beijing for 9 years will answer that the costs incurred from inheriting from your father’s name to your name are mainly inheritance notarization costs. The immediate family members who go to the notary office together are: your grandfather, mother, brothers and sisters, your immediate family members Go to the notary office to handle the notarization of inheritance together. After the inheritance is fair, you can change the real property right certificate. There is no need to pay deed tax and tax, only a few dozen yuan in cost. In addition, the 20% tax I said to you should be after you inherit and sell it now. Your family has more than this property, so a personal income tax of 20% of the difference will be levied. It is not an inheritance tax. Real estate is a large asset and involves many taxes and fees. Therefore, everyone needs a reliable professional broker. Whether buying a house, selling a house, or exchanging a house, they can give very useful advice!

loveyou
6 months ago

Recently, new regulations have been issued regarding the “inheritance” of real estate. Here is an answer in passing. The original text was published in My Public Building Third Sister Real Estate Observation 01. According to the current “Inheritance Law”, spouse, children, and parents are the first legal heirs, and only children can inherit their parents’ real estate. However, in the absence of a notarized will but there are other heirs, the only child can only inherit part of the parent’s property… The new “inheritance rights” rule will be implemented from January 1, 2021, and five new items have been added this time. First, the new inheritance right adds two ways to make a will-video will and print will, which solves the trouble of many elderly people who are illiterate or inconvenient to move; second, to prevent forced helplessness in making a will and add “witnesses” “It is stipulated that for fear of brothers and sisters competing for real estate, it is stipulated that two witnesses must be present to ensure that the will comes from the mind of the old man. Third, the new “forgiveness” system of wills has been added. If the children’s attitude towards their parents is Waterloo after the will is made, the elderly can amend the will. Fourth, the new regulations set the principle of “the latest will first”. As long as it is a legal and valid will, which will is the most recent and latest in time, then this will will be executed as the most effective will. Fifth, the new regulations increase the scope of effective heirs, and nieces, nieces, nephews, and nieces are all listed, and they can all inherit real estate in accordance with the law. In the past, the trouble was that the will must be notarized and must be handled in person at the notary office. Many elderly people rarely have families to do it because of physical inconvenience. On the other hand, in ordinary people’s minds, a will is equivalent to “dying,” and it’s okay to make a will. What a will. Most of them become legal inheritance after death, and there are many family members who can participate in the inheritance prosecution, and perhaps relatives you haven’t seen are among them. In recent years, there are not a few programs and news about family property inheritance disputes, reflecting the common problems in inheritance. The improvement of the new regulations on the one hand ensures that children can better support the elderly, on the other hand, it avoids disputes over the division of property and destroys the family. Harmony improves the convenience in the testament process, encourages everyone to do testamentary inheritance, and then clarifies the heir. 02. How to transfer the parent’s real estate There are generally three common ways to transfer the property: sale, legal inheritance, and gift. Each method has its pros and cons, and a lot of taxes and fees are involved, but many people don’t have the awareness of this aspect. Only when they have really reached this point, they discovered that a lot of “costs” will be incurred. Today I will tell you about the doorway in this, which is limited to the immediate family relationship. / Inheritance and transfer/Inheritance of real estate generally refers to things after the death of parents. According to regulations, children obtain their parents’ houses by inheritance. They do not need to pay deed tax, value-added tax, and individual tax, but only need to pay notarization fees and cost of production. Basically Not much expense. However, it is important to note here: the re-sale of the inherited house requires a 20% individual tax, which many people do not know. Take the total house price of 5 million and the original purchase price of 1 million as an example. If the property is transferred by inheritance and it will be sold for cash in the future, the individual tax will have to pay 20% of the value-added part, which is 800,000. I want to be exempted The words must meet the “full five only”. This sentence may be heard in the cloud. Explain again. “Five years” means that the time of the issuance of the real estate certificate or the deed tax receipt has been over 5 years, and the “only” means that the owner is registered in this city. This house is the only one in the housing ownership registration system. In other words, when you inherit this property, this is the only house in your name, and if you sell it later, you will be exempt from 20% of the personal tax. So you have to “become” a houseless household in advance! Now there are not a few houses under anyone’s name. If this method is not easy to operate, then you have to consider other methods. /Transfer of ownership/Real estate trading is relatively simple and straightforward. Parents sell them directly to their children in the form of second-hand housing transactions. Take Shanghai non-ordinary residence, house price of 5 million yuan, purchase of 1 million yuan, the only example of full five, cost: 1. Value-added tax: (5 million-1 million) ÷ 1.05 × (5% + 0.3%) = 201904 yuan 2. Deed tax : 3% of the total house price, which is a deed tax of 150,000 yuan (the child has a house under the name of the child, the deed tax is 3 points) 3. Transaction registration fee: 80 yuan 4. Mortgage registration fee: 40 yuan 5. The only tax exemption for five people . All the expenses required to go through the buying and selling process, a total of 35,024 yuan! (Note: If it is an ordinary residence, the purchase of a house for 2 years can be exempted from value-added tax and additional tax) Although the initial tax and fee are a little higher, there is no 20% of the individual tax for the real estate after the transfer, and the normal transaction is based on the ordinary tax and fee. . /Gift and transfer/There is also a way of donation. If the immediate family members donate the real property, the recipient only needs to pay the deed tax. It should be noted that in cities where purchases are restricted, the gift of houses between immediate family members still needs to be eligible for purchase. Cost: deed tax (3% of the total house price) + notarization fee. When reselling in the future, it is the same as inheritance and transfer, and 20% of the individual tax is required. ! If it is only five years old, the tax will be exempted. To sum up, for the above three transfer methods, if the acquired real estate is not considered for sale in the future, the gift and inheritance tax is less, and the operation is more convenient and desirable. If it involves resale of the real estate, the gift and inheritance depends on whether it is the only real estate under your own name, not the only real estate under your own name, and 20% of the individual tax is paid when you resell it. At this time, the sale and transfer of ownership is more preferable. /Key points/Now the third sister teaches you a method, the most “economical” method, and at the same time, it can reduce the taxes and fees of the above three methods of transfer! Remember to collect! Many people and their parents are on the same property certificate, and they have not restricted the share of their respective properties before. At this time, you can go directly to the trading center to modify and determine the share. For example, you account for 99% of the property, and your parents Accounted for 1%, and then you will sell 1% of your parents to you, and the tax will be reduced by one digit immediately after the calculation. It is still calculated based on the total price of 5 million houses in Shanghai and 1 million purchases. Sale and purchase transfer: Parents only account for 1%, that is, 5 million * 1% = 50,000; 1 million * 1% = 1 million. 1. Value-added tax: (50,000-10,000) ÷ 1.05 × (5% + 0.3%) = 2019 yuan 2. Deed tax: 3% of the total house price, which is 15,000 deed tax (the child has a house under the name of the child, the deed tax is 3 points) 3. Transaction registration fee: 80 yuan 4. Mortgage registration fee: 40 yuan 5, over five The only one exempted from all the fees required to go through the transaction process, totaling: 17,139 yuan! If the ratio is not changed before, it is 35,024,24 yuan, which is a difference of more than 330,000! When the real estate obtained from the corresponding gift and inheritance is not the only set of resale, the personal income tax will also be paid at 20% of the inherited 1% share. This type of method is also applicable to the above three transfer methods: inheritance, sale, and gift. If you share a real estate certificate with your parents, you can lower the proportion of the real estate share of the parents. When calculating taxes in the future, only the proportion of taxes and fees occupied by the parents will be calculated! In this way, it is very economical, have you learned it?

strongman
6 months ago

There is no inheritance tax in the work of the tax bureau in the real estate integration window. He said that the last source of personal income tax was inherited or gifted. 20% of the difference is verified and collected (present value-original value) * 20% of personal income tax is only deducted if it reaches five. Most of the intermediaries are very pitted. It is recommended to consult the information desk of the local real estate transaction center because the policies of each place will be somewhat different. Real estate and taxation have to be asked. Real estate may also have some fees to be charged.

stockin
6 months ago

Regarding the issue of taxes and fees, you must never listen to the nonsense of the intermediary. Taxation policies are relatively complicated, and there are many preferential policies. If you don’t understand it, you will often get it completely wrong. There are generally two reasons for intermediaries to talk about the tax rate. The first is that they do not fully understand the policy themselves, so the information they send to you is wrong. The second is that they deliberately distorted the policy and exaggerated the tax rate in order to sell the house. I found a very interesting phenomenon in my work. No matter what the starting point of the intermediary is, this kind of wrong information will often spread quickly. You know, China has not yet levied an inheritance tax, so the so-called 20% inheritance tax rate is simply nonsense. The 20% tax rate mentioned by the intermediary is actually personal income tax. However, the calculation method is not to directly multiply the total house price by 20%, but to use the current transfer income minus the original price, and the calculated difference is multiplied by 20 %. This calculation method has an important prerequisite, that is, there must be a clear original purchase price, and the owner is required to provide a complete and accurate proof of the original value of the house. If it cannot be provided, the original purchase price cannot be determined, and it cannot be calculated based on the difference of 20%. If the tax is a tax, the state now stipulates that it can be levied at 1%-3% of the total transfer price of the house, so that the tax rate will not be that high. There are many similar ones, just to name a few below. At the beginning of 2016, on the eve of the comprehensive VAT reform, the intermediaries at the time advertised everywhere that those who wanted to buy a house should hurry up. The current business tax rate is 5%. After the VAT reform, the value-added tax rate will be 17%. At that time, taxpayers basically Without listening to any explanation, the real estate transaction center is extremely busy. Later, facts proved that although the business tax was changed to value-added tax, the tax rate related to the transfer of real estate has not increased. On September 1, 2021, the Deed Tax Law of the People’s Republic of China came into effect. Now all kinds of rumors have begun to fly again. Many people have seen this statement on the Internet or in the circle of friends, “The first set of deed tax 3 from September 1, 2021 % Two sets of 5% deed tax 1.5% will be the past tense!” The Deed Tax Law of the People’s Republic of China does stipulate that the tax rate of deed tax is 3%-5%. However, you must know that the current Provisional Regulations on Deed Tax of the People’s Republic of China also stipulate deed tax. The tax rate is 3%-5%. Therefore, there is no so-called tax rate increase. The first house deed tax rate of 1.5% is actually a preferential policy. If an individual purchases an ordinary house, and the house is the only house of the family, the purchase of ordinary commercial residential units with an area of ​​less than 90 square meters (including 90 square meters) is subject to the deed tax 1% execution. For units with an area of ​​90 square meters to 144 square meters (including 144 square meters), the tax rate is reduced by half, that is, the actual tax rate is 1.5%. There is currently no notice that this preferential policy will cease to be implemented. Therefore, the so-called deed tax will increase in the future, but the intermediary deliberately spread it in order to sell the house. Having said so many chestnuts, I have one last suggestion. Many areas have government service centers, and real estate transaction windows are generally located here. Regarding the issue of real estate transaction taxes and fees, it is recommended that you visit your door to consult, and do not just believe the rhetoric of the intermediary.

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