Real estate transfers are now quite common, although in the past they were taxable and priced. According to the latest reports, new rules for the transfer of property to children have been introduced, so how can a transfer of property save money? Do you still have to pay taxes on your property
New news on the transfer
It's the way we do business as usual. Under the current system of transactions, transaction taxes incurred by the purchase and sale of property are influenced by major factors such as the size of the property, the price, the number of packages and the time taken to obtain a property permit. In terms of the type of taxes and fees, the main categories are tax tax on deeds, value added tax and individual taxes. They are as follows:
Taxes: taxes of less than 90 square metres, 1 per cent of total transaction price and more than 90 square metres, tax of 1. 5 per cent of total transaction price and non-exclusive property of 3 per cent; vat: the value added tax is 5. 6 per cent of the total value of the real estate transaction for less than two years and is exempt from payment for two years; it is 2 per cent of the total price of the non-ordinary dwelling and 1 per cent of the total price of the real estate transaction for the ordinary dwelling. There is also a registration fee of $80。
For example, the acquisition of a house worth 4 million ordinary dwellings, which has been in existence for five years and covers an area of 100 square metres, generates a tax of 60,000, a tax of 40,000, a value-added tax free of payment, and a total of approximately 100,000 taxes and fees from the purchase and sale of a household. This type of transfer is characterized by maturity and ease of operation. Of course, taxes and fees are dynamic and may be adjusted later, and, in the light of current trends, they will be minimal in the future。
Many netizens say that the transfer of property to a child should not actually charge a fee, after all, the parents ' property will be inherited from the child in the future, and that the fee is very unwelcome. But it is believed that in the future these taxes will be reduced and the policy will be adjusted
