The love of parents is selfless. They devote all their life, whether it's money or energy, to create a stable living condition for their children. In life, it is common for parents to transfer their property to their children. So what are the intermediary fees for housing transfer to children? What are the procedures for parents to transfer their house to their children? Let's have a look.
What are the procedures for parents to transfer their house to their children?
1. There are three ways for parents to transfer their property to their children: inheritance, donation and sale. Only these three ways can we change the house property certificate into the name of our children. But in the process of inheritance, if there are more than one child, or if the parents of the parents are still alive, then this situation requires other heirs to give up inheritance, and other heirs must also agree. If the fair procedures of inheritance are not complete, there will be a lot of difficulties in the process of property transfer.
2. For the donation procedure, you must go to the notary office to do the donation notarization first, and then bring the notarization certificate and house property certificate to the housing authority for transfer registration. Need to bring ID card, household register, marriage certificate, real estate certificate. If it's a business, just go through the normal business procedures. You must bring your ID card, household register, marriage certificate and real estate certificate to the housing authority for transfer registration.
3. Nowadays, there are many restrictions on purchase in various cities. The biggest problem for parents and children to add names is the restriction on purchase. When parents transfer the house to their children through donation or sale, it means that their children own the house, so their children's self purchase will be affected by the purchase restriction order. Generally, it is the most appropriate choice between parents and children.
What are the costs of property transfer?
1. The way of inheritance is a way with the least tax. It only needs to pay a little justice fee and inheritance notarization fee. Even if the house property certificate is less than 5 years old, it only needs to pay 1% of personal income tax and 5.5% of business tax. But it can't be done while the parents are alive.
2. 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. One of the most important is the deed tax, which is 3% of the house valuation, that is, 3% of the market price. If you consider leaving the house for your own residence or rent, you can use this method.
3. The way of buying and selling is simple and direct, leaving no trouble. Just pay stamp duty, deed tax and business tax according to the evaluation price of local tax, and the cost is not much. If parents sell their property to their children, they need to pay personal income tax of 1% of the total appraisal price. As the property certificate is less than five years old, we have to pay 5.5% business tax on the value-added part. Children are required to pay 1% deed tax.
The above is about the procedures of house transfer to children and the expenses of house transfer. Although parents and children have direct blood relationship, it is not easy to transfer the parents' house to their children's name. In fact, the procedures are not so simple, especially for families with many children Let's negotiate.