Now the house price is relatively high, many people mentioned how to calculate the tax and fee needed for the house transaction transfer? And how to transfer the property when parents die? What are the regulations? Let's take you to understand the relevant situation. Let's learn about the new regulations for the children of real estate transfer after their parents died in 2019.
Testamentary succession:
And legal succession, the transfer procedures are more complicated. Donation transfer: higher selling cost
Inheritance:
In contrast, gifts often need to pay more than 3% of the deed tax and both 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. 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. In addition, all kinds of taxes and fees will be collected again when the donated house is traded again.
In this way, the cost is high. Transaction transfer: the transaction cost is relatively high and the risk is the lowest. When parents sell their house to their children, it seems unreasonable at first glance. It is more insurance to choose the way of transaction transfer. Although the name is "sell", there is no need to pay for the house, and the expenses are mainly various taxes and fees.
After the 2016 new deal was put on the road, the fee required to pay in the deed tax part was far lower than that of the donation, and had little impact on the re sale. Therefore, the sale and ownership transfer has become an important choice for people. According to the provisions of the notice on adjusting the preferential policies of deed tax and business tax in real estate transactions jointly issued by the Ministry of finance, the State Administration of Taxation and the Ministry of housing and urban rural development on February 19, 2016.
The taxes and fees required for the transfer of house transactions are as follows: in the part of individual income tax, this policy has not been adjusted. Still in its original form.
1、 20% of the difference between sales revenue and cost price.
2、 For houses without original value certificate, the individual income tax payable = housing transfer income & times; 1%. It is free of charge if it is the only residence of a family after five years.
I believe many friends have doubts about which party should pay all kinds of taxes and fees. But for different cities, trading habits and behaviors are different, you can consult the local real estate transaction management department.
In fact, the purpose of reducing the deed tax business tax in February 2016 is to remove inventory, but it is still voluntary for both parties to choose gift or sale. Therefore, if parents or elders want to leave the house to the next generation, they can analyze the advantages and disadvantages according to the specific family situation and choose the most suitable one.