Parents want to leave the house to their children, they choose it wrong, and they may spend hundreds of thousands more. Many families feel that “presentation is the most cost-effective” “inheritance without money” is a mistake — today, using big words to clear the costs and risks of giving, selling, inheriting three ways, and helping you choose one-off against not stepping
The procedure is simple: parents and children take their identity cards, property certificates to the notary office for gifts and notaries and then to the directorate of housing. However, the cost is not low: 3 per cent of the tax due (e. G. 30,000 for 1 million houses), notary fees, and 20 per cent of the child's income tax for the sale of a home, unless the child has reached the age of five and is the only home, is extremely high。
Read again how to buy and sell: like normal house purchases, taxes are paid at market rates. The advantage is that there is no additional tax for subsequent transactions, and the tax depends on whether the child is the first home and the house is five years old: five years old and the only home, with only 1-3 per cent of the tax due (1 per cent for the first set and 2-3 per cent for the second set); and less than five years of vat and a single tax, with a total tax of about 5-8 per cent. It would be more cost-effective in the long term if the children were eligible to purchase a house after five years。
Finally, there is a form of inheritance: the parents will not be able to do so until they have passed away and are now exempt from the estate tax. Only a small amount of notary fees and registration fees (from hundreds to thousands of yuan) are charged, with the lowest prior costs. The disadvantage, however, is the complexity of the process, the introduction of notary or legal proceedings, and the fact that, if the children have other properties in their name, the subsequent sale is also subject to a 20 per cent tax, which may also trigger inheritance disputes between siblings。
Key reminders: in the absence of an absolute optimal approach, three points should be chosen: whether the parents are alive (and only given or sold); whether the house is five years old and has a loan; and whether the children intend to sell the house afterward. For example, if you want to hold it for a long time and inherit it for the least money; if you want to sell it in the future, it is more cost-effective to buy and sell; and gifts are suitable for situations where you do not want to trade for the short term and look at simple processes。
It's a big deal to move through a house, and it costs hundreds of thousands less. Early identification of policies and choice based on family circumstances can save both hearts and money and avoid subsequent disputes。
Do you have plans to move your house? What is the preferred approach
