The cost of running a gift if you transfer is about 6% of the tax return price (i.e., the price you agreed to transfer the property) (3% for notary fees and 3% for transfer taxes). However, if you want to transfer the property later after the transfer of the gift, you will have to pay 20% of the tax return price for the personal income tax alone. So a gift transfer is not recommended.
It is recommended to buy and sell the property, that is, directly transfer the property, the tax is about 8% of the property tax price (seller: personal income tax 1% (property certificate greater than 5 years of the only residential exempted), sales tax 5.5% (property certificate greater than 2 years of the exemption), the buyer: the deed tax of 1.5%, and the other transfer of the tax is about a few hundred, the above tax points are based on the less than 144 square meters of the ordinary residential calculation).
Sale and purchase of the transfer such as the real estate license over five years also do not have to pay personal tax, only need to pay the deed tax of 1.5%, other transfer taxes and fees of about hundreds. That is, the total ****1.8% or so.
The tax return price is set by yourselves. The Housing Authority's computerized system has a minimum assessed value for each local area. If your tax return is higher than the assessed value, you will be taxed at your value. If it is lower than that, it will be calculated according to the system's assessed value. The most important thing to know about this valuation is the local real estate agents in the same area, because they often go to the home and know how much can be passed, so it is recommended that you go to the agent to learn more about it.
The basic procedure for transferring a second-hand house: signing a contract of sale, handing over the documents, paying taxes, completing the tax transfer, and receiving the license. Different areas have different procedures, for example, it is possible to pay the tax first and then hand in the documents.
Signing a sale contract means that the buyer and seller, together with the agent (if there is one), negotiate and sign a contract on the price of the property, the delivery method, the payment method, etc.
The buyer and seller are required to sign a contract with the agent.
Delivery refers to: the buyer and seller go to the Housing Authority in person with the relevant information to apply for the transfer of real estate registration. The buyer with the original ID card. If the loan to the first suite of certificates and other requirements according to the Housing Authority first to the relevant departments to open. Seller with ID card, real estate license, real estate original relevant tax tickets and other original. The contract of sale can be handed over to the Housing Authority version of the Housing Authority to the Housing Authority and then signed. (There are many big cities have been implemented online signatures, that is, online first apply for a pre-acceptance number and fill out the form, and then hand in, so that you do not have to queue up in the Housing Authority)
Payment of taxes refers to: the Housing Authority receives the documents, according to the time of its requirements to the relevant tax department to pay a variety of taxes and fees. The buyer and the seller each bring their original ID cards to pay their respective taxes.
The completion of the tax transfer refers to: after the buyer and seller have paid their respective taxes and fees, the two sides together with their ID cards and all the tax invoices of their respective taxes and fees, to the Housing Authority to confirm that the tax has been completed, to complete the transfer, and to receive the transfer receipt.
Collecting the license means: the buyer, according to the time specified in the transfer receipt, take the ID card and the transfer receipt to the Housing Authority to collect the new real estate license.