Hello, everyone. Welcome to today's tax class! Let's talk about today. What taxes and taxes do people have to pay for selling their houses? Many friends are concerned about this, especially today, when house prices are rising, selling houses makes money and taxes cannot be ignored. So let's use the most common words to help you get this tax list straight
First, the most common is the “personal income tax”. If you make money selling a house, it usually involves this tax. According to the latest policy, if you have five years of ownership, including five years, and are the sole home of the family, the sale of a house is exempt from personal income tax, but if this condition is not met, the tax is paid at 20 per cent of the difference in the price of the house. In short, the more money you make, the more taxes。
Next is the “value added tax”. Currently, an individual sells a dwelling that is eligible (e. G. For five years, only housing) and is exempt from vat; if not, vat is paid at 5 per cent of the house price. The tax is mainly for the added value of the property。
There is also the land value added tax. This tax is generally directed at the transfer of land use rights, but may also be relevant to the transfer of land use rights when selling a house. However, ordinary second-hand house transactions usually do not worry about the tax。
In addition to taxes and fees, there may be a number of handling fees such as intermediary fees, assessment fees and household transfer fees. The transfer fee varies slightly between regions and is usually shared between buyers and sellers。
In summary, the main taxes to be paid for selling houses include personal income tax and value added tax. It is tax-exempt to meet certain conditions (e. G. Five years, only housing), otherwise the contribution is proportional. Other costs, such as transfer charges and handling fees, are also taken into account。
Of course, it is also necessary to take into account your regional policy by advising professional taxers or real estate agents before selling a house to ensure that no details are omitted。
Well, that's where today's class is. Let's hope everyone gets to know about the taxes and fees of selling houses. Let's get out of here. If you like, keep an eye out. We'll see you next time
