I. What taxes and fees are required for the transfer of corporate property to individuals
The costs to be paid in the name of the individual for the transfer of the company's property are divided into the following categories:
1. The purchaser shall pay taxes:
(1) tax: 1. 5 per cent of housing bills (3 per cent for needs above 144 square metres, less than 90 square metres and 1 per cent for initial flats)
(2) stamp tax: 0. 05 per cent of housing
(3) transaction costs: $3/m2
(4) survey fees: 1. 36 usd/m2
(5) right-of-title registration fees and evidentiary fees: the general situation is within $200。
2. The seller shall pay taxes:
(1) transaction costs: $3/m2
(2) stamp tax: 0. 05 per cent of housing
(3) business tax: difference * 5. 5% (less than 5 years of a real estate certificate)
(4) personal income tax: 20 per cent of the profit component of the real estate transaction or 1 per cent of the housing money (removable for five years and only for a dwelling)
(5) education surcharge: 2 per cent of turnover tax
(6) city construction costs: 7% of turnover tax
(7) intermediary fees: typically 2% - 3% of the housing bill (shared by the seller and buyer)
Ii. Information for individuals on the transfer of the company's house
The materials used to transfer the company's house to individual needs include:
1. Carrying legal person's documents, agent's documents, business licences, agency codes, company charters, shareholder council resolutions, bank opening certificates, tax registration certificates, prior to the transfer to the real estate office
2. Processing of tax duties, issuance of tax receipts, presentation of receipts and required documents for the transfer of households, filing of applications and receipt of a receipt for admission
3. To obtain a property certificate confirming the information at the trading centre。
The relevant certification is required for the transfer registration to ensure the smooth running of the process。
Iii. What are the rates for the transfer of property certificates
The rates for the transfer of property certificates are divided between the seller and the buyer, specifically:
1. Costs payable by the seller:
(1) transaction fees: $5 per square metre, 50 per cent for the seller。
(2) contract stamp duty: paid at 0. 05 per cent of the actual amount of the sale of the house, with the seller bearing 50 per cent。
(3) tax: calculated on the basis of 0. 75 per cent of the actual amount of the sale of the house, the buyer and the seller may agree to bear the burden of one party。
(4) intermediary fees: collections are based on 0. 5 - 2. 5 per cent of the actual amount of the sale of the house and the seller generally pays 2. 5 per cent. 5. Transfer charges: $50 each。
2. Costs incurred by the buyer:
(1) transaction fees: $5 per square metre, 50 per cent for the buyer。
(2) contract stamp duty: paid at 0. 05 per cent of the amount actually paid for the house, with the buyer bearing 50 per cent。
(3) tax: calculated on the basis of 0. 75 per cent of the actual amount of the sale of the house, the buyer and the seller may agree to bear the burden of one party。
(4) tax on the stamp of rights: $5 per book。
(5) registration fee: if the house is a personal property right, it will cost $100 each. If the house is other property, it is charged $200 per unit。
(6) intermediary fees: the buyer usually pays 1 per cent based on 0. 5-2. 5 per cent of the actual amount of the transaction。
(7) transfer fee: $50 each。
(8) maintenance fund: calculated on the basis of the actual situation of the house purchased。
(9) other related costs: if housing assessment, counselling, etc. Is involved, assessment fees, consultancy fees, etc. Are charged, depending on the circumstances。
