The development of the real estate sector is getting better today, although the price of the house has also risen, thus boosting the market for second-hand houses, which are not the same as first-hand houses, which require more attention, and where transaction taxes are more important, where there are taxes and charges, and where there are questions about who will incur them, so that there is no dispute. So, what's the used house transaction tax? What are the rules for the second-hand house transaction tax
Second-hand room transaction tax
The second-hand house transaction tax is the income derived from the difference in the price of the transaction charged by the tax authorities to the seller in the second-hand house transaction. There are eight types of tax, including: turnover tax, personal income tax. Land value added tax, stamp duty, city building tax, education surcharge, local surcharge tax, deed tax。
Of these, turnover tax, city building tax, education supplement, local education supplement tax, with a total tax rate of 5. 55 per cent; land value-added tax for private transfers of ordinary housing to residents, with a temporary exemption; stamp duty, 0. 15 per cent of the value of the sale; personal income tax, on the basis of which income from the transfer of property is offset by the original value of the property and reasonable expenses, is taxable, at a rate of 20 per cent; tax on ordinary housing, at 2 per cent; and tax on high-end goods, at 4 per cent。
What are the rules for the second-hand house transaction tax
1 deeds (buyer pays)
The tax is reduced by 1 per cent to cover more than 90 square metres and by 1. 5 per cent to cover households with only 90 square metres and less. The tax is reduced by 1 per cent for the second class of improved housing units purchased by individuals, and by 2 per cent for more than 90 square metres, except in the north。
Business tax (buyer's payment)
An individual who buys a house for sale for less than two years is charged a turnover tax in full; an individual who buys a house for sale for more than two years (including two years) is exempt from a turnover tax。
3. Tax (buyer pays)
Approved method of collection: individual income tax payable = taxable price x 1 per cent (or 1. 5 per cent) individual income tax is exempt for the transfer of personal income for a period of more than five years ... And if the family has only a residence。
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, transfer of title, book of business, 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。
It is believed, through the above article, that there is some understanding of what the second house trading tax is and what the second house trading tax is. While there have been some changes in the used room trade, the more important details are that there have been no significant changes. While used house transaction taxes are said to be relatively high, they are shared by both buyers and sellers, and it is important to understand the relevant policies so that they can be prepared。
