Both buyers and sellers are subject to different taxes and charges in the course of second-hand house dealings, which are intended to restrict trading and discourage overheating in the real estate sector。
The prices of new buildings in the city are still overheated, and many of them have just put their sights on the second-hand market, but the process of dealing in the second-hand market is complex and many processes and taxes must be clear, and some information is provided here。
Buyer:
1 deeds: offer or assess price (high) x 1. 5 per cent (3 per cent for commercial housing or more than 144 m2)
2. Transaction services: building area (m2) x $3
3 trade stamp duty: traded or assessed price (high) x 0. 5 per cent
4. Transfer registration fees: $50 (plus $10 per person plus $80 per buyer)
Seller:
1 trading services: building area (m2) x $3
2 trade stamp duty: value traded or assessed (high) x 0. 5 per cent
3. Land concessions: offer or assess (high) x 1%
4. Dismantling houses: offer or assess (high) x 1%
5. Commodity housing: land concessions at base value x 3 per cent of the building area for which land concessions have not been made
6. Cost-sharing: exchange/total area x assessment area x 10 per cent (under 10 floors)/total area x assessment area x 20 per cent (over 10 floors)
7. Personal income tax: a bargain or an assessment price (higher) x 1 per cent (rehabilitation for five years and exemption from subsistence)
8 business tax and surcharge: offer or assess value (high) x 5. 5% (under five years of completion of tax certificate at the time of purchase)
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