How much is the deed tax for a second home

1. The payment regulations for the first house are as follows:

1. If an individual purchases an ordinary house, and the house is the only house of the family, and the unit area of the ordinary commercial house purchased is less than 90 square meters (including 90 square meters), the deed tax shall be implemented at 1%;

2. If the unit area is between 90 square meters and 144 square meters (including 144 square meters), the tax rate will be reduced by half, that is, the effective tax rate will be 2%;

3. If the area of the purchased residential unit is more than 144 square meters, the deed tax rate shall be levied at 3%.

2. The payment regulations for the second suite are as follows:

The purchase of non-ordinary housing, two or more houses, and commercial investment properties (shops, office buildings, business apartments, etc.) are taxed at a rate of 3%.

Legal basis. Article 1 of the Deed Tax Law of the People's Republic of China Where the ownership of land and houses is transferred within the territory of the People's Republic of China, the units and individuals who receive the deed tax shall pay the deed tax in accordance with the provisions of this Law.

Article 3 of the Deed Tax Law of the People's Republic of China The deed tax rate is 3% to 5%. The specific applicable tax rate of deed tax shall be proposed by the people of provinces, autonomous regions and municipalities directly under the Central Government within the range of tax rates specified in the preceding paragraph, and shall be reported to the Standing Committee of the People's Congress at the same level for decision, and shall be reported to the Standing Committee of the National People's Congress and the People's Congress for the record. Provinces, autonomous regions, and municipalities directly under the Central Government may, in accordance with the procedures provided for in the preceding paragraph, determine differential tax rates for the transfer of ownership of different entities, different regions, and different types of housing.

Article 2 of the Deed Tax Law of the People's Republic of China The term "transfer of land and housing ownership" in this Law refers to the following acts:

1) the transfer of land use rights;

2) the transfer of land use rights, including **, gifts, and exchanges;

3) Sale, gift, and exchange of houses.

The transfer of land use rights in item (2) of the preceding paragraph does not include the transfer of land contract management rights and land operation rights.

Where the ownership of land or houses is transferred by means of investment (shareholding), debt repayment, transfer, reward, etc., deed tax shall be levied in accordance with the provisions of this Law.

The deed tax standard for the second suite is: below 90 square meters, the deed tax is paid at 1%; More than 90 square meters will be paid at 2%.

According to the latest Deed Tax Law in 2020, the tax rate of deed tax is still 3%-5%, and the previous deed tax incentives are still valid, that is:

Ordinary dwellings. First house: less than 90 square meters, deed tax rate 1%; More than 90 square meters, deed tax rate.

Second suite: less than 90 square meters, deed tax rate 1%; More than 90 square meters, the deed tax rate is 2%.

The third set and above: regardless of the size, the deed tax rate is 3%.

Commercial buildings such as apartments, office buildings, shops, etc.: regardless of the size, the deed tax rate is 4%.

The deed tax for second homes is 3%. 1. The payment regulations for the first house are as follows: 1. If an individual purchases an ordinary house, and the house is the only house of the family, and the unit area of the ordinary commercial house purchased is less than 90 square meters (including 90 square meters), the deed tax shall be implemented at 1%; 2. If the unit area is between 90 square meters and 144 square meters (including 144 square meters), the tax rate will be reduced by half, that is, the effective tax rate will be 2%; 3. If the area of the purchased residential unit is more than 144 square meters, the deed tax rate shall be levied at 3%.

2. The payment regulations for second suites are as follows: the purchase of non-ordinary housing, two or more houses, and commercial investment properties (shops, office buildings, business apartments, etc.) are taxed at a rate of 3%.

The deed tax for the second house is 3%, and the deed tax is calculated as follows:

1. With a construction area of less than 90 square meters, the first time to buy a house in the same area, the rural household registration is exempt from deed tax;

2. The construction area is between 90-140 square meters, and the deed tax is applied for the first time to buy a house, regardless of whether it is an urban household registration or a rural household registration;

3. Construction area of less than 90 square meters, first-time buyer, urban hukou, deed tax 1%;

4. The deed tax on the donated property is levied in full, that is, it is paid by the recipient at a rate of 3%.

The scope of taxation of deed tax mainly includes the transfer of state-owned land use rights; The transfer of land use rights, including **, gifts and exchanges, of which the transfer of land use rights does not include the transfer of rural collective land contracting and management rights; The following situations of house sale are regarded as the sale and purchase of houses: the exchange of land and house ownership for debts or the exchange of houses in kind; Investing in land or housing ownership or transferring equity; Buying a house, demolishing materials or renovating a new house; If the property right of the house is obtained by way of award, the essence of the gift is to accept the donated real estate, and the deed tax shall be paid in accordance with the regulations.

Legal basis. Article 3 of the Provisional Regulations of the People's Republic of China on Deed Tax.

The deed tax rate is 3-5%.

The applicable tax rate of deed tax shall be determined by the people of provinces, autonomous regions and municipalities directly under the Central Government within the range specified in the preceding paragraph in accordance with the actual situation of their respective regions, and shall be reported to the Ministry of Finance and the State Administration of Taxation for the record.

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The deed tax of the second house is 3% of the total amount of the house, no matter how big or small it is not in the preferential deed tax policy, at present, when the land use right and the ownership of the house are transferred, the deed tax needs to be paid, and when all the property rights of the house are obtained through gift exchange and other methods, the deed tax is also required to be paid, and when buying a second-hand house, it is generally paid to the deed tax collection authority on the day when the contract for the transfer of other houses is obtained. A few precautions for buying a second house: 1. Learn more about the relevant regulations for the purchase of a second house with the bank, some banks have relatively high requirements for the second house, especially if you plan to apply for a housing provident fund loan, you generally need to pay off the loan of the previous house before you can apply for a loan for the second house.

2. Although you have had the experience of buying a house, you must not ignore the details of formulating the purchase contract. 3. If you plan to buy off-plan housing, you should also consult with the developer and ask what type of loan is supported.

The tax rate stipulated in Document No. 23 of 2016.

1) For individuals who purchase the only house of the family (the scope of family members includes the buyer, spouse and minor children, the same below), with an area of 90 square meters or less, the deed tax shall be levied at a reduced rate of 1%; If the area is more than 90 square meters, the deed tax shall be levied at a reduced rate.

2) For individuals who purchase a second set of improved housing for a family with an area of 90 square meters or less, the deed tax shall be levied at a reduced rate of 1%; If the area is more than 90 square meters, the deed tax shall be levied at a reduced rate of 2%.

Deed tax payable = total purchase price (1+9%) The above documents stipulate the tax rate.