How to calculate the deed tax for second-hand houses
In recent years, with the active real estate market, second-hand housing transactions have become the first choice for many home buyers. However, during the transaction process, the calculation of deed tax is an important step that home buyers must face. This article will analyze in detail the calculation method of second-hand house deed tax and provide structured data to help you clearly understand the relevant fees.
1. What is deed tax?
Deed tax refers to a tax levied on the units and individuals who inherit the ownership when the ownership of houses and land is transferred. In second-hand housing transactions, the deed tax is borne by the buyer, and the tax rate varies according to the nature and area of the house and the situation of the buyer.
2. Calculation method of second-hand house deed tax
The calculation of second-hand house deed tax is mainly based on the following three factors:
1.House property: The tax rates for ordinary residences and non-ordinary residences are different. 2.House area: The tax rate is different in different area ranges. 3.Home buyer situation: The tax rates for first, second or multiple homes are also different.
The following is the specific tax rate table for second-hand house deed tax (taking mainland China as an example):
| House property | Area (square meters) | First home tax rate | Second house tax rate | Three or more sets of tax rates |
|---|---|---|---|---|
| Ordinary residence | ≤90 | 1% | 1% | 3% |
| Ordinary residence | 90＜area≤144 | 1.5% | 2% | 3% |
| Ordinary residence | >144 | 3% | 3% | 3% |
| Extraordinary residence | No limit | 3% | 3% | 3% |
3. Calculation formula of deed tax
The formula for calculating deed tax is:Deed tax = house transaction price × applicable tax rate. It should be noted that the transaction price of a house is usually based on the tax department’s assessment price, not the actual transaction price.
4. Other related expenses
In addition to deed tax, second-hand housing transactions also need to pay the following fees:
| Fee name | Charger | Rate/Amount |
|---|---|---|
| personal income tax | Seller (only exempt if you are over 5 years old) | 1% or 20% difference |
| value added tax | Seller (exempt after two years) | 5.3% (including additional) |
| agency fee | Buyer and Seller (optional) | 1%-2% |
| registration fee | buyer | 80 yuan |
5. How to reduce deed tax expenses?
1.Reasonably choose the area of the house: The lowest tax rate is available for the purchase of ordinary residences below 90 square meters. 2.Take advantage of first home deals: The deed tax rate for first-time homes is usually lower. 3.Pay attention to policy changes: Some areas have deed tax subsidy policies for talents or specific groups to purchase houses.
6. Summary
The calculation of second-hand house deed tax involves the nature of the house, the area and the situation of the home buyer, and the tax rate ranges from 1% to 3%. Home buyers should understand relevant policies in advance and plan their home purchase budget reasonably. Also, there are other closing costs to keep an eye on to ensure a smooth real estate transaction.
If you still have questions about the deed tax calculation, it is recommended to consult the local tax department or a professional real estate agent for more accurate answers.
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