Nowadays, house prices are rising sharply. Many young people still have a lot of pressure to buy a house. Therefore, some parents want to transfer their real estate to their children. However, this is all subject to transfer certificate. What process does it take to transfer the house to their children? Do you understand the new regulations on parents' property transfer in 2019?
What process does it take to transfer house to children?
1. Donation transfer: first go to the notary office to do the donation notarization, and then take the notarial certificate and property certificate to the housing authority for transfer registration. Need to bring ID card, household register, marriage certificate, house property certificate.
2. Gift fee: notarization fee 2%, deed tax 3%, transaction fee 6 yuan per square meter, registration cost. 20% personal income tax should be collected for the sale of donated houses.
3. Business transfer: with ID card, marriage certificate, real estate certificate to the housing authority for transfer registration.
4. Transaction cost: deed tax 1.5%, transaction fee 6 yuan per square meter, personal income tax 1%, water conservancy construction fund 0.1%, registration cost, 5.6% business tax exemption for more than 5 years.
New regulations for parents' property transfer children in 2019:
1. According to the inheritance law of the people's Republic of China, the legal heir inherits the ownership of land and house without deed tax.
2. According to the will, the non legal heir inherits the ownership of the land and house before the death of the deceased, which belongs to the act of donation, and should receive deed tax.
3. The legal heirs have and only have spouse, children, parents, brothers and sisters, grandparents and grandparents.
4. When the legal successor sells the inherited house in the future, he needs to pay all kinds of taxes and fees according to the second-hand house sale, but he does not need to pay personal accidental income tax.
5. Inheritance means that the heir does not have to pay the price of the house itself to get the property.
6. In addition, according to the regulations, children who acquire their parents' houses by way of inheritance do not need to pay deed tax, but only need to pay notarization fee and cost of production. However, due to the fact that the property right transfer can only be handled after the death of the inheritor, and there are two situations of testamentary succession and legal inheritance, the handling of transfer procedures is more complicated.
7. Compared with inheritance, the donation often needs to pay 3% more deed tax and the two sides of the donation need to pay 5% more stamp, which adds up to 3.1% tax. In addition, there are strict regulations on personal income tax.
8. For example, it is free of business tax and individual income tax if it is donated to the spouse, parents and children, grandparents, grandchildren, grandchildren, brothers and sisters; if it is donated to the caregiver or supporter who bears the direct support or support obligation, it shall be exempted from business tax and individual income tax. In other cases, fees will still be charged.
9. In addition, all kinds of taxes and fees will be collected again when the donated houses are traded again.
What procedures do parents need to transfer their real estate to their children and the new regulations on their children's real estate transfer? After that, we have seen so many related matters. If there is still something you don't understand, you can go to the relevant organizations to learn about the specific matters, and prepare the required materials in advance, so as to avoid wasting too much time and energy due to incomplete materials.