How to pay tax on purchasing a resettlement house
In recent years, resettlement housing transactions have become the focus of many home buyers. Resettlement housing usually refers to the housing provided by the government for demolished people due to urban planning, demolition and other reasons. The price is relatively low, but the tax issues involved in the transaction process are more complicated. This article will provide a detailed analysis of the tax payment process, tax rate standards and precautions for purchasing resettlement houses to help home buyers better understand relevant policies.
1. Types of taxes and fees involved in resettlement housing transactions
When purchasing a resettlement house, the taxes that the buyer and seller need to pay mainly include value-added tax, personal income tax, deed tax, stamp tax, etc. Specific tax standards may vary depending on regions and policies. The following is a reference for common tax rates:
| Types of taxes and fees | taxpayer | Tax rate/calculation method |
|---|---|---|
| value added tax | seller | 5% (exempt for 2 years) |
| personal income tax | seller | 1% or 20% of the difference (exemption for the only residence for more than 5 years) |
| Deed tax | buyer | 1%-3% (depending on area and number of houses purchased) |
| stamp duty | buyers and sellers | 0.05% (temporarily exempted in some areas) |
2. Examples of calculating taxes on resettlement housing transactions
Assume that the transaction price of a resettlement house is 1 million yuan and the area is 90 square meters (the buyer's first home). The seller has held the property for more than 2 years but less than 5 years. The tax calculation is as follows:
| Tax items | Amount (yuan) |
|---|---|
| value added tax | 0 (exempted from tax after 2 years) |
| personal income tax | 10,000 (calculated as 1%) |
| Deed tax | 10,000 (calculated as 1%) |
| stamp duty | 500 (0.05% for both buyer and seller) |
| total | 20,500 |
3. Things to note when purchasing a resettlement house
1.Verify the nature of the property: Resettlement houses may have a limited sales period (for example, they cannot be traded within 5 years), and it is necessary to confirm whether they meet the conditions for listing and trading.
2.View tax payment certificate: Require the seller to provide the original purchase contract, demolition agreement and tax payment certificate to avoid subsequent disputes.
3.Regional policy differences: Some cities have special regulations on resettlement housing. For example, if land transfer fees are required to be paid back in Hangzhou, it is recommended to consult the local housing authority in advance.
4.loan restrictions: Some banks have strict approval requirements for resettlement housing loans, so you need to communicate with the bank about the loan plan in advance.
4. Recent hot topics: Resettlement housing policy trends
In the past 10 days, adjustments to resettlement housing transaction policies in many places have triggered heated discussions:
-Nanjing: It is clarified that resettlement houses can be listed for trading after 3 years, and the value-added tax exemption period is extended from 2 years to 5 years.
-Chengdu: Launch a green channel for resettlement property rights reissue and simplify the tax payment process.
-Netizen controversy: Prices of resettlement houses in some cities have risen too fast, and whether they should be included in purchase restrictions has become a focus of discussion.
Summary
When purchasing a resettlement house, you need to focus on tax costs and transaction compliance. It is recommended to verify the information through a formal intermediary or the housing authority before purchasing a house, and consult professional tax personnel when necessary to ensure a smooth completion of the transaction.
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