With the continuous rise of people's income, now many people not only have the money to buy the first house, but also in the consideration of investment, many people have bought second or even multiple houses. Today, let's talk about buying a second set of flats. We will discuss the taxes to be paid for buying a second set of flats. For those who are going to buy a second set of flats, we can take a look at the following.
You have to pay tax to buy a second suite
1. Deed tax
For ordinary houses with an area less than 90 square meters, the deed tax of the first suite is 1%, and that of the second suite is 3%. Ordinary residential, 90 square meters - 140 square meters, the first suite deed tax is 1.5%, the second suite is 3%. Over 140 square meters (including 140 square meters), the deed tax of the first suite is 3%, and that of the second suite is 3%.
2. Personal income tax
The personal income tax on the purchase of the second house is 1%. If an individual transfers his own residence for more than five years and is the only residence of the family, he shall be exempted from individual income tax. However, if you sell your own house and buy it again within one year, you will not be exempted from individual income tax.
What taxes should be paid for the second suite
3. Business tax
If the individual will purchase less than 2 years of housing for external sales, the full levy of business tax. If the individual will buy more than 2 years of housing for external sales, business tax exemption.
Two kinds of taxes need to be paid to buy a second set of housing. The latter can be ignored. However, people who buy a second set of housing are often for investment purposes. If the market situation is good, they will also sell the second set of housing, so the parties may have to pay business tax. It costs more than one million yuan to buy a house. When you have all this money, you don't care about paying taxes.