Chinanews Client Beijing, August 13 (Reporter Li Jinlei) With the official announcement of the deed tax law on the 11th, there are rumors in the market that the deed tax rate will rise and the discount will be cancelled, and the cost of buying a house will increase. is this real?
Let's first look at what the market rumors say:
"The deed tax law is born! Buy a house as soon as possible! The deed tax rate is adjusted to 3% to 5%, and the previous preferential tax rates such as 1% and 1.5% will become history. Effective September 1, 2021. Hurry up on September 1. Paying deed tax before is saving money."
However, a reporter from Chinanews found that this was actually a misunderstanding.
The picture shows the real property certificate. Miao Chao
The deed tax rate has not changed
On August 11, the 21st meeting of the Standing Committee of the 13th National People's Congress voted to pass the "Deed Tax Law of the People's Republic of China", which will come into force on September 1, 2021.
Indeed, in accordance with Article 3 of the Deed Tax Law, the deed tax rate is 3% to 5%. However, this tax rate is consistent with the previous provisional regulations on deed tax.
According to the "Interim Regulations of the People's Republic of China on Deed Tax" promulgated by the State Council on July 7, 1997, the deed tax rate is 3-5%.
Zhang Dawei, chief analyst of Centaline Real Estate, told Chinanews.com that from the perspective of policy documents, this is a statutory tax policy and the tax rate has not changed compared with the interim deed tax regulations promulgated in 1997, and it does not mean that the deed tax collection has increased or decreased.
In other words, this legislation is in accordance with the principle of statutory taxation, and the previous provisional deed tax regulations have been upgraded to law, and the deed tax rate has not changed.
The public handles the real property right certificate at the government service center. Miao Chao
Deed tax benefits not cancelled
According to the "Notice on Adjusting Preferential Policies for Deed Tax and Business Tax in Real Estate Transactions" issued by the Ministry of Finance, the State Administration of Taxation, and the Ministry of Housing and Urban-Rural Development in 2016, individuals are required to purchase the only house in the family (the range of family members includes house buyers, spouses and minor children) If the area is 90 square meters or less, the deed tax will be levied at a reduced rate of 1%; if the area is more than 90 square meters, the deed tax will be levied at a reduced tax rate of 1.5%.
For individuals purchasing a second set of improved homes for families with an area of 90 square meters or less, the deed tax will be levied at a reduced rate of 1%; for those with an area of 90 square meters or more, the deed tax will be levied at a reduced rate of 2%. The specific operation measures shall be jointly formulated by the finance, taxation and real estate authorities of all provinces, autonomous regions and municipalities directly under the Central Government.
Zhang Dawei pointed out that the deed tax is clearly implemented in accordance with local regulations in the policies and regulations. Different regions are different. Take Beijing as an example. The first purchase of a house less than 90 square meters is subject to a 1% deed tax, and the first purchase of a house over 90 square meters is subject to a 1.5% deed tax. The second set of purchases is 3% deed tax.
"At present, the market is overreacting to policies, and rumors are spreading, which is not conducive to market stability." Zhang Dawei said.
Yan Yuejin, research director of the Think Tank Center of E-House Research Institute, told a reporter from Chinanews that the subsequent deed tax itself will not be adjusted. This year is a year of tax reduction and burden reduction, and there is no such thing as a tax increase. Even in many cities, there are deed tax reductions or subsidies.
Yan Yuejin reminded that intermediaries will definitely hype this policy in the near future, so buyers should not worry too much about the content of this policy, that is, it will not affect the purchase of homes. Buyers should maintain independent home purchase plans and not be fooled by intermediaries.
Data map: People consult at the real estate booth. Photo by Cheng Chunyu
Deed tax exemption for husband and wife transfer and children inheriting real estate
According to the deed tax law, the ownership of land and houses is changed between husband and wife during the marriage relationship, and the legal heir inherits the ownership of land and houses through inheritance, and the deed tax is exempted.
Zhang Dawei stated that there is no deed tax for husband and wife renames and inheritance of real estate. This has been enforced before. This time it is further clarified in the law.
Jiang Bixin, vice chairman of the Constitution and Law Committee of the National People's Congress, said on the 8th that some localities, departments, units, and the public suggested that the current effective deed tax exemption policy should be clarified in this law in accordance with the principle of tax system translation. After research, the Constitution and Law Committee proposed to add provisions: During the marriage relationship between husband and wife changes the ownership of land and houses, the legal heir inherits the ownership of land and houses through inheritance, and the deed tax is exempted.
The reporter noticed that in 2014, the Ministry of Finance and the State Administration of Taxation issued the "Notice on the Deed Tax Policy Concerning the Change of House and Land Ownership Between Husband and Wife". During the marriage relationship, the house and land ownership was originally owned by one spouse and changed to If the husband and wife co-owned or the other party owns it, or the house or land ownership was originally shared by both spouses and changed to one of the spouses, or the house or land ownership was originally co-owned by both spouses, and the two parties agreed to change the joint share, exemption Deed tax.
In 2004, the State Administration of Taxation issued the "Reply on Deed Tax Issues Concerning Inheritance of Land and House Ownership", regarding legal heirs (including spouses, children, parents, siblings, grandparents, and maternal grandparents) stipulated in the "Inheritance Law of the People's Republic of China" No deed tax is levied on inheritance of land and house ownership.
In other words, the deed tax exemption for couples’ transfer of ownership and their children’s inheritance of real estate has already been implemented. This time it is only clear in the deed tax law.
So don't be fooled! (Finish)