Towards the new year, the regulation of the city remained stringent. On 21 december last year, the beijing housing commission posted on its website a public consultation note (hereinafter referred to as the circular) on the model contract for the purchase and sale of houses in the city of beijing and the related brokering services contract, which is expected to be formally implemented this year。
The notice is strong in that the revised purchase and sale contract combines the trade-off with the broker's trade-off and makes it clear that the sale price of the house will be netted and taxed according to the actual offer price, which will combine the previous house price and the renovation price. Thus, if the new notice were to be implemented, it would mean that the sub-rule of the “gyang contract” would be withdrawn from the historical stage, that the price of second-hand house registration in beijing would be substantially increased, and that individual taxes and vat would be substantially increased。
As a result, unless five years are reached and the only second-hand house is less affected, the rest of the second-hand house transactions may face significant upward tax charges. Once the new policy is implemented, the market for used houses in beijing will change dramatically. Even the middlemen claimed that the policy, if implemented as it stood, would be an earthquake, and that all policies had been out of hand at the beginning of last year。
The new deal has not yet been implemented
“sister, there may be a new policy in the second-hand room. If you want to start the house as soon as possible, the new policy will be implemented, the taxes will be increased, the loan will be reduced, the down payment will soon catch up with the full amount, and the pressure to buy the house will increase.”
In the recent past, ms. Wang, who is hesitant, has been lobbied by intermediaries to buy a house as soon as possible, on the grounds that a new policy on second-hand houses is likely to be implemented and the threshold for buying a house will be raised. Since november of last year, ms. Wang has not shown up, either at a price or in a household type。
Ms. Wang told the beijing youth newspaper journalist, “no, during new year's eve, the agency sent me several new homes, asking me if i would like to see the house together on new year's day. I didn't think the source of the house was free, and the family type was not very happy, so i turned it down. But the broker began to tell me that on 21 december last, the jcc announced a new notice, which would eliminate all contracts in the future, so that there would be more taxes on second-hand house transactions, which could cost hundreds of thousands more if they were not for five years and the only house. Finally, i am reminded that if i did so as soon as possible, it would help me catch up with the internet and save a lot of money.”
Ms. Wang stated that she did waver when she was told by the broker that she had followed five houses on new year's day, but that she was still not satisfied and was put on hold。
Not only are the buyers anxious, but five years later the only second-hand room is becoming more aggressive. Mr. Zhou, who is almost 60 years old this year, has been lobbying his elderly mother to move in with him, and she has a two-room husband's room in her mother's name, intended for retirement。
Mr. Zhou finally offered $6. 5 million for this 75 square metre second-hand room at a unit price of $86,000 per square metre, which is much higher than the average price of around $80,000 around the perimeter, and because of price factors, the house was hanged for almost a month without a deal. In the near future, however, mr. Zhou had found it clear that there were more visitors and more people willing to sit down and talk to him about prices. It was only later that he heard from the broker that, as a result of the publicity of the new notice, his house, which had been in place for five years and was the only one that had been affected relatively little, would become extremely popular in the future. In addition, he is a husband's home and only pays a 1 per cent tax and $10,000 in land concessions. This is expected to save hundreds of thousands of dollars in taxes and fees in comparison to the rest of the husband's home, as a result of the contract to block the sun。
Short-term re-selling of properties will face huge taxes and taxes
So, what exactly is the new notice? It is so magical that it has an impact on both sides. In fact, there is always an unwritten sub-rule in the trade in used rooms in beijing. At the time the transaction was concluded, two contracts would arise, one for the purchase and sale of the stock of houses between the buyer and the seller, in which there would be two prices, one for the sale of the house and one for the refurbishment of household electrical furniture. Together, these two prices represent the real transaction price of the house. Another contract is the stock purchase contract entered into by the housing commission's stock exchange service platform, and the second contract's sale price is a contract to remove the price of household electricity, furniture, decorations, which shows a transaction amounting to far less than the actual amount of the deal, which would have the effect of avoiding taxes and fees, which is what we usually call a netting contract。
The netting contract, which is the reference for the payment of taxes and fees in the second-hand house transaction, would mean that once the new circular is implemented, the netting price of the house would combine the prices of the previous house and the prices of the renovations, and the price of the second-handing house in beijing would be significantly increased, along with the tax and value added tax to be paid。
Since the new circular addresses the interests of intermediaries themselves, many of the intermediaries interviewed insisted on not disclosing their names. The head office of one of the intermediaries disclosed to north qing newspaper reporters that the yang yang contract had been a grey area for second-hand house trading, and that this time the beijing building management tone had been irregularly formalized, so it was very likely that the yang contract had been cut off from comments to practical implementation. Once the circular has been implemented, there are two main implications. First, the second-hand house price, which did not originally include the price of the renovation, meets the price requirements for ordinary dwellings, while the value added tax will be unavoidable as the netting price increases to non-ordinary dwellings. Second, as netting prices rise significantly, taxes will also become the biggest obstacle to markets, provided they are not the only source of housing for five years。
The industry revealed a conservative estimate of a possible difference of about 5 to 10 times between the taxes and fees required for the purchase of used houses before and after implementation。
As taxes and fees are likely to change, large intermediaries have stopped making budgetary taxes and fees for home buyers. In the near future, the network of chainers has unearthed its services. It is understood that taxes and fees were actuarially committed by chainers to attract home buyers: before tax is paid by the parties to the transaction, taxes and fees are calculated on objective terms and a list of taxes and fees is issued. The beijing chain property commitment that, in the absence of any change in tax terms, the final tax fees paid by the parties to the transaction to the tax authorities would be no more than five per cent positive or negative; otherwise, the beijing chain property would pay more than five per cent in full。
This was originally a safeguard for chain services, but chain agents confirmed to north qing journalists that they had suspended the services because of possible changes in tax conditions。
If the impact of the policy is digitized, the impact of the new policy can be illustrated by an extreme example. Assuming that a second-hand house is retraded for less than two years, the changes in tax and excise expenditure are the most significant. If the second-hand house in the five rings was originally worth $3 million, the current sale price would be $6 million, and the netting price would not exceed $4. 68 million under the previous yin-yang contract, which is the standard line for the identification of ordinary and non-ordinary dwellings in the five rings. However, with the implementation of the new policy, netting prices can no longer be artificially low and must be $6 million. Assuming that the seller is the first buyer for less than two years, and the size of the house is less than 90 square metres, the effect of taxes and fees is as follows: 468 x 1 per cent of the netting price is $468 = $468 million; personal income tax (600-468) x 20 per cent = $264,000; vat is 468 x 5. 6 per cent = $262,000, with a total tax charge of around $520,000。
If the netting price is calculated on the basis of a genuine contract of $6 million: the tax is 600 x 1 per cent = 60,000 yuan, the personal income tax (600-300) x 20 per cent = 600,000 yuan, the value added tax is 600 x 5. 6 per cent = 336,000 yuan, and the total tax charge is about $996 million. The difference is nearly $480,000。
It is not difficult to find that a set of second-hand rooms that are sold and sold repeatedly in the short term, and that the taxes and fees that need to be paid before and after the implementation of the new circular are quite different from those that could have previously been claimed, would also lead to more second-hand houses abandoning short-term sex work, and after five years the only viable alternative would be to be traded again。
According to an intermediary who does not want to reveal his name, the increase in the price of a second-hand house net, in addition to regulating the trade in second-hand houses, is essentially an attack on short-term firehouses and a positive response to the fact that the house is open. If a second-hand house is less than five years old and is not the only dwelling, there will no doubt be a substantial increase in taxes and fees when dealing again. This new version of the second-hand house contract is being renewed, and the largest tax is still a tax, which can only be waived for five years with the sole source. Even if demand is improved, after five years, sales will effectively reduce the amount of tax collection, otherwise buyers will bear several times higher taxes than before。
Recommendation to raise the standard of recognition of ordinary dwellings
Although the new circular for used houses is intended to prohibit short-term house-laying, the rates of contribution for stamp duty and vat for ordinary and non-ordinary dwellings are different in second-hand house transactions. Many of the yin-yang contracts are intended to make low netting prices, which, in addition to a small tax, may result in lower value added tax on properties as ordinary dwellings. Once the yingyang contract is banned, a considerable number of used houses will be “incorporated”。
According to north qing newspaper journalists, the general housing standard currently in force in beijing was published on 30 september 2014 and officially implemented on 8 october 2014. The average transaction price for municipal housing is set at $22,000 per square metre of construction and $2. 6 million per unit in 2013. The regional adjustment factor is 1. 5 for the five ring, 1. 2 for the five to the six ring and 0. 9 for the six ring。
According to the circular, the beijing standard for ordinary dwellings, with the exception of two hard criteria with a building capacity rate of 1. 0 or more and a single building space of 140 square metres or less, has been set at a price line of less than 39,600 yuan/m2 and a total price of less than 4. 68 million yuan/m2 in the five rings; at a unit price of less than 31680 yuan/m2 and a total price of less than 3. 74 million yuan/m2 in the five rings; and at a unit price of less than 23760 dollars/m2 in the six rings。
Since then, the general residential standard has not been adjusted. Today, three and a half years later, with the rise in housing prices, the average transaction unit price of a dwelling in beijing has risen from $22,000 to $38,433 per square metre (real estate marketer data, for information purposes only). This has led to a significant reduction in the proportion of households that have been able to purchase housing with general tax benefits. In addition, since the assessment of prices refers to the general housing standard, which is directly related to the loan line, the lower general housing standard also leads to fewer loans and more down payment。
“i suggest that regulation should strike with a combination of punches, such as higher regional guidance prices, and that the implementation of the original regional guidance price, combined with a ban on the yin-yang contract, create a situation of double-checking and lack of fairness.” an industry person has revealed that this would also force intermediaries and home buyers to look for policy gaps and that the effectiveness of policy implementation might be compromised。
Indeed, according to north qing journalists, intermediaries have begun to do their homework in response to the implementation of the new notice, in addition to urging the completion of transactions on the way forward, even with a related “tax avoidance strategy”. Since the large intermediaries in beijing are themselves more regulated, the government is strictly regulated, and at the same time provides third-party financial supervision services, both sellers and sellers can simply avoid their presence in the main contract by entering into separate contracts for the purchase of renovations and ancillary facilities。
Therefore, industry has suggested that the ban on vagaries contracts should be accompanied by appropriate adjustment of regional guidance prices to reflect the fairness of the trade and to effectively prevent situations such as drilling policy gaps. I'm a journalist
The haidian joint ownership project is here
Last week, another joint ownership project was entered into the city for requisition, and this project is located in the sead area, where the supply of commercial housing is scarce。
It is known that the requisition was made by the china-china iron young-hing real estate development company ltd. In beijing. The purchase was made at the north-west wang town, the yong-fung industrial base in the haidian district. The total number is about 616 units, which are to be distributed in two batches. It is currently a homeless family in the haidian district and in the other districts of the city working in the haidian district. The project consists of an average sale cost of $35,000 per square metre and a 70 per cent share of homeowners ' ownership。
Requisition address: http://zzfws. Bjs. Gov. Cn
Name of project: central tete pique
Name of the development enterprise: china tien yonghing realty development co. Ltd
Project location: yongfung industrial base, haidian district, beijing, north-west wang town
Average price: $35,000/m2 (including complete renovation)
Household type: 13 for approximately 78 square metres and 603 for approximately 89 square metres
Number of packages: 616
The share is shared: 70 per cent of the owner's share of ownership of a single dwelling, and the remaining 30 per cent of the share is held by the peking city cooperative housing development co. Ltd. (the government's share of property held on behalf of the institution)。
Eligibility:
(i) upon completion of the rocking exercise and prior to the start of the selection, a review of the status of the work of the non-haiyan family in the haiyan district will be carried out, with the criteria determined to be: december 2017 (the month of the opening of the requisition) and the “applicant” will be considered to be a “haiyan family in the haiyan district” if the “applicant” is identified as a contribution area in the city's personal social security record. The specific accreditation process is carried out by the housing security department of the haydian district. Upon completion of the review, the results will be published on the website of the housing authority of the haidian district of beijing. If the request for family information is not qualified or in conformity with the commitment, it is not permitted to participate in the selection of the house。
(ii) after the completion of the application for an examination, the eligibility of the family to purchase the house is reviewed once again, the applicant must state his or her family's situation in good faith, and the family who does not meet the requirements for the current purchase of the house may not enter into a contract to disqualify the purchase of the project。
Requisition time: 28 december 2017, 10 a. M. To 11 january 2018, 17:00 p. M
