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What does "full five unique" mean? How to judge whether the conditions are met

In the process of second-hand housing transaction, 'full five unique' is an important concept. If the second-hand housing sold meets the standard of 'full five unique', it will save a large amount of personal income tax for both parties. So what is the criterion for 'full five' and 'only'?

What is' full five '?

At least five years means that the buyer has owned the house for 5 years or more. Where can you tell the time of the house? Different houses have different judgment criteria:

1. Commercial housing and affordable housing shall be subject to the date of filling and Issuing the deed tax ticket or the registration date of the real estate certificate.

An ordinary commercial house was completed in 2011, the deed tax certificate was filled and issued in May 2012, and the real estate certificate was issued in March 2013. (the deed tax certificate has been for five years and the house principal has not been for five years). If the seller decides to sell the property after February 2017, it will be regarded as five years (deed tax certificate). After purchasing the property, the buyer will get a new set of deed tax certificate and house capital. If the new buyer sells it again, it needs to calculate the new tax payment time as the starting date.

2. There are three criteria for judging purchased public houses. Only one of the three conditions needs to be over 5 years, even if it is' over 5 '.

(1) Five years from the date of issuance of the real estate certificate;

(2) Five years from the signing date of the original house purchase contract;

(3) Five years from the date of receipt of the first house purchase money.

3. Whether the inherited real estate has been for 5 years shall be calculated according to the original real estate certificate

Mr. Chen inherited a house from his recently deceased father in 2017 and plans to sell it. The house is a second-hand house purchased by his father in 2008 and has a tax payment certificate. Then the house meets the "five year" condition from the tax payment certificate in 2008.

What is' unique '?

It only means that the owner has and only has this house registered in the real estate bureau system under the name of family members in the province. Family members generally refer to themselves, their spouses and minor children.

How much tax will be saved by "five only"?

No matter ordinary residence or non ordinary residence, as long as the owner sells the residence that meets the "five only" requirement, he will be exempted from individual income tax. However, the taxes to be paid for other parts are different. For example, according to the national policy in 2016, ordinary houses sold for two years in Beijing, Shanghai, Guangzhou and Shenzhen can be exempted from value-added tax, but non ordinary houses still need to pay (the tax rate is 5%).

In these four cities, ordinary houses sold by owners with "full five only" can be exempted from individual income tax and value-added tax, while non ordinary houses can only be exempted from individual income tax even if they meet the "full five only" and still need to pay value-added tax. (there is no distinction between ordinary and non ordinary houses in other cities, that is, houses sold for two years can be exempted from tax.)

There are different standards for the division of ordinary housing and non ordinary housing. If there is a demand for second-hand housing transactions, both buyers and sellers need to understand the local policies first.

If ordinary houses meet the conditions of "full five only", it will save a lot of expenses for both buyers and sellers of second-hand houses. Therefore, such houses are very popular in the second-hand housing market. For second-hand housing transactions with housing sales, liars might as well hurry to see if the house meets the demand?