Real estate transfer is a very normal thing, but the procedures for children to inherit their parents' real estate are also more troublesome, and the fees charged are also quite a lot. According to the new regulations on real estate transfer to children, how to save the most money in 2019? Let's get to know!
The first way of real estate transfer: Live sale transfer
This way of transfer is just like our daily transaction of real estate. According to the current transaction system, the transaction tax generated by the transfer of real estate is affected by the main factors such as the area of the real estate, the price, the number of sets and the time to obtain the real estate certificate. As far as the types of taxes and fees are concerned, they are mainly deed tax, value-added tax and personal income tax. They are as follows:
Deed tax: if the area is less than 90 square meters, the deed tax is 1% of the total transaction price; if the area is more than 90 square meters, the deed tax is 1.5% of the total transaction price; if the property certificate is less than two years, the VAT is 5.6% of the total transaction price; if the area is more than 90 square meters, the deed tax is 1% of the total transaction price; if the property certificate is less than two years, the VAT is 5.6% of the total transaction price, and if the area is less than 90 square meters, the deed tax is 1.5% of the total transaction. In addition, there is a registration fee of 80 yuan.
Real estate past news
For example: through the way of buying a house to transfer a set of ordinary house worth 4 million, the house has been five years, the area is 100 square meters, the transaction generated deed tax 60000, personal tax 40000, VAT exemption, the total tax generated by the transaction transfer is about 100000. The characteristic of this way of transfer is that it is mature and easy to operate. Of course, taxes and fees are dynamic and may be adjusted later. According to the current trend, taxes and fees for this kind of transaction link will only be few in the future.
The second way of real estate transfer: donation transfer
Generally speaking, the gift of goods does not need related expenses, which is common in daily life. However, because we classify real estate as real estate, according to relevant regulations, donating real estate also has to produce various taxes and fees, and the number is still considerable, that is to say, donating real estate to handle the transfer procedures needs to bear the relevant costs. Tax categories mainly include deed tax, individual income tax, notarization fee and appraisal fee. After the individual income tax was exempted from collection after 2009, now the taxes and fees for donating real estate are deed tax, notarization fee and appraisal fee, and the payment proportion is 3%, 1% and 0.25% of the real estate value respectively.
For example, if a house worth 4 million is transferred by donation, the contract tax, notarization fee and appraisal fee will be 120000, 40000 and 10000 respectively, and the total tax and fee generated by donation will be about 170000. The cost is not small, which is almost equal to the annual income of an ordinary family. Moreover, in many first - and second tier cities, single houses with a market value of more than 4 million can be found everywhere, and such houses are just the homes of many ordinary people. With the rising price of real estate, the tax generated by the donation of real estate will rise. The cost of this kind of transfer is 70% higher than that of transaction transfer.
The third way of real estate transfer: after death
Transfer of ownership after death is very common in China. As mentioned above, due to the influence of traditional ideas, some old people or parents are worried that their children will not be filial in the future and will not make property distribution ahead of time when they are alive, and it is difficult for them to say that their children are worried about their parents' ideas. Therefore, under normal circumstances, as a large amount of assets, real estate can only be transferred after the death of the elderly. As there is no inheritance tax in China, this kind of transfer is relatively simple. What is more important is that there is no need to pay the large amount of taxes and fees in the first two transfer methods, and only hundreds to thousands of notarization fees and registration fees are paid.
Of course, the transfer of ownership after death will also face two problems: first, if there are many children to inherit, the old man did not make a will to account for the distribution of property before he died, and there are often disputes between the children because of their share. If they inherit alone, they also require other heirs to give up in writing; Second, the real estate transferred after death is called "inheritance". Although it does not need a few money in the process of transfer and inheritance, if the heirs resell it again, they should pay an income tax of 20% of the difference between the real estate.
The above is the basic information of real estate transfer, I believe netizens understand. In fact, the fee for real estate transfer is increasing slightly every year, and the process is also very time-consuming, so if it is not to the extreme, it will not be transferred in general