Transfer costs are as follows:
The tax is paid at 1 per cent for the first purchase of a house of less than 90 square metres, at 1 per cent of the house price for 90-140 square metres and at 3 per cent of the house price for more than 140 square metres
2. Business tax, exemption from property rights for five years
3. Land value-added tax (vat), with five years of exemption for property rights
4. Income tax, exemption from payment of five years of home ownership
5. Transaction fees for housing transactions
6. Registration fee for home ownership, $80. 00
7. Housing assessment costs。
1. The formalities required for the purchase of a house are as follows:
The purchase of a house requires a joint application by both parties and the completion of the registration application form
2. The applicant's identification materials, if they are agents, also require a power of attorney
3. Proof of the relevant source of ownership of immovable property, as well as supporting documents of the reasons for registration, certificates of ownership of immovable property
4. Real estate site, spatial boundaries, area, etc。
Ii. The procedure for the transfer of houses is as follows:
1. To enter into a contract of sale
Preparation of down payment, freezing
Assessment of corporate assessments (formulation of assessments)
4. To apply to banks for loans and to wait for their approval
Netting
6. Real estate trading centres
7. Tax certificates
Bank unfreezing of house purchases
Property is handed over, water and electricity is transferred, land is checked (land certificates are processed)。
In summary, the cost of the transfer consists of a deed tax, which is paid at 1 per cent for the first purchase of a house up to 90 square metres; a rate of 1 per cent for the 90-140 square metres; a rate of 3 per cent for the cost of a house over 140 square metres; a turnover tax, which is exempt from property ownership for five years; a land value added tax, which is exempt from property ownership for five years; income tax, which is exempt from property ownership for five years; a fee for the transaction of a house; a fee for the registration of ownership of a house, which is $80. 00; and an assessment fee for housing。
Relevant legislation:
Civil code of the people's republic of china
The creation, alteration, transfer and extinguishment of property rights in immovable property under article 209 shall take effect by registration in accordance with the law and shall not take effect unless otherwise provided by law。
In the case of natural resources that are legally owned by the state, ownership rights may not be registered。
The answer to the question of how the cost of buying a house is calculated is detailed in the above-mentioned article, and we need to know the relevant legal knowledge in everyday life in order to defend our legitimate rights and interests. If you have any other relevant questions, you can click the “counter now” button below。
