The buyer pays the following taxes for the purchase of a used front house:
1. Real estate transaction charges: $3 per square metre。
2. Housing registration fee: $550 per book and $10 per additional certificate。
3. Tax on licence: $5 per book。
4. Stamp tax: 0. 05 per cent of the price of housing。
5. Tax: 3 per cent of the transaction price (or evaluated price)。
The seller pays the following taxes and charges when selling a used front house:
1. Real estate transaction charges: $3 per square metre。
Stamp duty: 0. 05 per cent of the price of the house。
3. Land value added tax: land value added tax = (transfer income - hand invoice price - related tax) x rate to be applied if hand-in-hand invoice is available; land value added tax = (transfer income - transfer of revenue x 90%) x 30% if hand-in-hand invoice cannot be provided。
4. Personal income tax: 20 per cent is actually levied (transfer income - original property value - reasonable cost) x 20 per cent and authorized collection is 7. 5 per cent x 20 per cent。
5. Business tax and surcharge: if hand-held house purchase invoices can be provided, they are (transfer income - value of hand-held invoices) x 5. 5 per cent; if hand-held invoices cannot be provided, transfer income x 5. 5 per cent。
The following matters require attention when purchasing second-hand door-to-door rooms:
1. Field visit: to examine the movement of people and consumer purchasing power at the site of the shop and to understand the rent and rental rate of return on the nearby shop。
2. Planning: to know whether the government has new plans, such as a subway plan, which may have an impact on the price of shops。
3. The nature of property rights and the status of leases: to understand the nature of the property rights and leases of shops and to avoid the purchase of shops that are at risk, such as those resulting from the conversion of houses or small title properties。
4. Loan purchasers: if a loan purchaser is chosen, sufficient down payment will need to be prepared and the manner in which taxes and fees will be paid will be agreed upon in the contract。
The purchase of second-hand front-door houses is a decision that needs careful consideration and requires attention to such factors as field visits, planning, the nature of property rights and leasing, in addition to paying taxes on buyers and sellers. I hope that this information will help you。
