How to calculate house purchase tax
In recent years, as the real estate market continues to heat up, home buyers have become increasingly concerned about the calculation method of home purchase tax. Purchase tax is an inevitable expense in the home buying process. Understanding its calculation methods and related policies can help home buyers better plan their budgets. This article will introduce the calculation method of house purchase tax in detail, and attach structured data to help you understand it at a glance.
1. What is house purchase tax?
House purchase tax refers to the taxes that need to be paid when purchasing a house, usually including deed tax, stamp duty, etc. The tax rate and calculation method may differ in different regions and housing types (such as new homes, second-hand homes). The following are common purchase tax types and rates:
| tax type | tax rate | Scope of application |
|---|---|---|
| Deed tax | 1%-3% | New and second-hand houses |
| stamp duty | 0.05% | New and second-hand houses |
| value added tax | 5.6% (second-hand housing) | Second-hand houses (exempted from tax after 2 years) |
2. Calculation method of house purchase tax
The calculation of house purchase tax is mainly based on the transaction price or appraised price of the house. The following is the specific calculation method:
1. Deed tax calculation
Deed tax is one of the most important taxes on home purchases. Its tax rate varies depending on the area of the house and whether it is the first home:
| House type | area | tax rate |
|---|---|---|
| first suite | ≤90㎡ | 1% |
| first suite | ＞90㎡ | 1.5% |
| Second suite | ≤90㎡ | 1% |
| Second suite | ＞90㎡ | 2% |
| Three sets or more | No limit | 3% |
2. Stamp duty calculation
The stamp duty rate is 0.05%, calculated based on the transaction price of the house. For example, if you buy a house worth 1 million yuan, the stamp tax is 1 million × 0.05% = 500 yuan.
3. Value-added tax calculation
Value-added tax mainly applies to second-hand houses, with a tax rate of 5.6%. However, if the house is held for more than 2 years, it is exempt from VAT. For example, if the transaction price of a second-hand house is 2 million yuan, the value-added tax is 2 million × 5.6% = 112,000 yuan.
3. Comparison of purchase tax policies in popular cities
Purchase tax policies may vary slightly in different cities. The following is a comparison of deed tax policies in some popular cities:
| city | Tax rate for first home (≤90㎡) | Tax rate for first home (＞90㎡) | Second house tax rate |
|---|---|---|---|
| Beijing | 1% | 1.5% | 3% |
| Shanghai | 1% | 1.5% | 3% |
| Guangzhou | 1% | 1.5% | 3% |
| Shenzhen | 1% | 1.5% | 3% |
4. How to save purchase tax?
Home buyers can reasonably save purchase tax in the following ways:
1.First suite offer: The deed tax rate for the first home is usually lower, so try to buy it in the name of the first home.
2.Second-hand house more than 2 years old: The purchase of second-hand houses held for more than 2 years is exempt from VAT.
3.Properly plan the area: The deed tax rate is lower for houses below 90 square meters, so you can consider small units when buying a house.
5. Summary
House purchase tax is an important expense in the home purchase process. Understanding its calculation methods and policies can help home buyers better plan their funds. This article uses structured data to show the calculation methods of deed tax, stamp duty and value-added tax, and compares the policy differences in popular cities. I hope this information can help you with your home buying decision!
check the details
check the details
en
