12016 shanghai second house trading tax
1 deeds (buyer pays)
According to state regulations, the sale of houses is subject to the payment of the state tax, both for the sale of goods and for the sale of stock. The standard for residential housing is taxable at 1 to 3 per cent of the total cost of housing. The specific percentage is determined by the relevant state policy, such as the purchase time of the house by the purchaser, the unit price for the purchase, the size of the house and whether it is the first purchase; non-residential housing is paid at 3 per cent of the taxable reference price。
The notification of the tax credit policy implemented since 1 october 2010 provides for the levy on the purchase of ordinary housing by an individual, which is the sole home for the family (which includes the purchaser, spouse and minor children, respectively) and is reduced by half. The tax is reduced by 1 per cent if an individual buys a general dwelling of 90 square metres or less, which is the only home for the family. The rate is 1 per cent below 90 square metres for one purchase, 1. 5 per cent for one 90-140 square metres and more than 3 per cent for one purchase, and 3 per cent for each purchase, regardless of size。
Business tax (buyer's payment)
The turnover tax consists of a city maintenance tax, an education surcharge, a local education supplement and a sales turnover tax, which is levied at 5. 6 per cent. Persons who purchase a common home for a period exceeding two years (including two years) are exempt from operating tax, as follows:
(b) 5. 6 per cent of the total house price required for a property permit of less than two years and an area above 140 m2;
(b) 5. 6 per cent of the difference in the amount of the property certificate required to be paid if the permit is less than two years old and the area is less than 140 m2;
(b) 5. 6 per cent of the profit component of the real estate transaction, which is two years old and covers an area above 140 m2;
The property certificate is two years old and is exempt from payment in an area below 140 m2。
3. Tax (buyer pays)
Approved means of collection: individual income tax payable = taxable price x 1 per cent (or 1. 5 per cent, 3 per cent), and the approved rate of collection of personal income tax for transfer of personal housing in our city is 1 per cent for general housing, 1. 5 per cent for non-general housing or non-residential property and 3 per cent for auctioned property. Individual income tax is exempt from the payment of personal income tax for the transfer of a person who has spent more than two years and is the sole home of the family。
Stamp duty (0. 05 per cent for each buyer and seller)
The stamp duty is for a contract or a document of a contractual nature, a transfer of title document, business books, rights, licences and other documents determined by the ministry of finance to be taxable。
For home buyers, the stamp duty is at the rate of 0. 05 per cent, i. E. The tax payable by the purchaser is at the value of the tax price x 0. 05 per cent, and the stamp duty is paid by the taxpayer himself. The stamp duty is temporarily waived for the sale or purchase of housing by individuals. The secondary transfer register only charged the buyer a stamp duty of 0. 05 per cent。
5. Land value added tax:
“approved means of collection for the transfer of non-residential property by an individual are “recognised by the registration centre, and the other by the tax payer himself/herself to the competent tax authority in the place where the real estate is located, and by the registration centre, upon payment or verification. Temporary exemption from land value-added tax on individual sales of housing
Approved means of collection: land value added tax payable = taxable price x approved rate. The approved criteria for the collection of value added tax on our municipal land are 10 per cent for shops, writing buildings, hotels and 5 per cent for other non-residential properties。
6. Registration fees
The rates are divided into housing and non-housing. The individual housing registration fee is $80 per unit; the non-housing registration fee is $550 per unit. The housing registration fee includes the cost of the home ownership certificate and the cost of the land use permit。
7. Real estate transaction charges
The transaction fee for the building of a new commodity house is charged at a rate of $3/m2 and is borne by the transferring party. The buyer pays the fee for the real estate transaction, which is reduced by half. In other cases, fees for real estate transactions are charged at $6/m2, with 50 per cent to each of the parties。
8. Commissions
* 3 per cent of the bargain and half of the deal。
9 posters: $5/set
If a mortgage is required at the time of purchase, the following additional costs are incurred:
Assessment fees
The assessment price of less than 1 million collected 0. 5 per cent of the results and 0. 25 per cent of the above。
11. Mortgage registration fees
Individual housing registration fee is $80 per unit; non-housing registration fee is $550 per unit
12. Notary fees
If a notarization is required for the purchase of a dwelling, a percentage of the notarization fee is payable, which is usually 300 yuan/two certificates and an additional $20 per supplement. In the event of a need for a foreclosure, the following costs would also arise:
Foreclosure guarantee
Cost calculation - owed by owner x 1 per cent. The duration is three months with a minimum fee of $2,000。
14. Foreclosure
Different banks collect differently, usually at 0. 5 per cent of the amount owed
Interest on short-term loans for the atonement
Interest on short-term loans for 1 month at penthouse in general x 1
16. Notary fees for sales contracts
Collection by a notary public from a foreign party, subject to the following criteria:
Foreign exchange rate x 0. 003 per cent
Transfer price x 0. 0025+2. 5 million
