Now many families will buy real estate for their children in advance, and transfer the property to their children when they graduate, work or get married. General real estate sales transfer is to charge a certain fee, then the parents of the house transfer to children need how much fee? How do parents transfer their property to their children? Let's have a look.
What is the cost of property transfer to children?
1. Succession
Theoretically speaking, leaving the property to the daughter through inheritance is a way with less tax. If there is no other consideration, you can wait until your parents pass away to handle the property transfer. This process only needs to pay very little registration fee and stamp tax. If there is no other property when the children sell the house after five years of obtaining the house property certificate by inheritance, they can be exempted from personal income tax and business tax at the same time, and only need to pay a small amount of transaction fees.
2. Gift
Transfer the house to the children in the form of donation: for donation transfer, you need to pay personal income tax, deed tax and notarization fee. There is no business tax for the donation transfer, because the donation is considered as the act of receiving the donation free of charge, so the donee needs to pay personal income tax, and at the same time, the donation transfer also needs to pay notarization fee. The way of gift is simple and convenient. The gift between immediate family members only needs to pay stamp duty and deed tax, and the cost is not much. If you consider leaving the property for your own residence or rent, you can use this method.
3. Business
The way of business is simple and direct, leaving no trouble. Real estate transactions between immediate family members do not need to bargain, they only need to pay stamp duty, deed tax and business tax according to the assessed price of local tax, and the cost is not much. Through the sale of real estate transfer, future transactions will no longer generate 20% of the personal income tax. If parents sell their property to their children, they need to pay personal income tax of 1% of the total appraisal price.
How do parents transfer their property to their children?
1. Transfer procedures in the form of sale and purchase
If it is in the form of business, you need to take your ID card and your parents' ID card, household register, marriage certificate and real estate certificate to the housing management department for housing transfer registration.
2. Transfer procedures in the form of donation
If you transfer your parents' real estate to your children in the form of donation, you and your parents need to go to the notary office to notarize the donation contract, and then take the notarial certificate and real estate certificate to the housing authority for transfer registration. Similarly, you and your parents need to bring ID card, household register, marriage certificate, real estate certificate and other documents.
3. Succession
To handle the transfer procedures of the real estate certificate, we should go to the police station where the successor's domicile is to cancel the household register, handle the death certificate, and transfer the real estate certificate to the district or municipal Notary Office (the original export commodity house to the municipal notary office) to carry out the notarization of the right of inheritance.
The above is about the procedures and fees of property transfer to children. If the transfer of property ownership certificate does not go through the real estate agency, the terms of the contract and breach of contract must be clearly written. When signing the contract, the parties named on the property ownership certificate of the seller must be present, and the property ownership certificate can be obtained after the payment of property transfer tax.