Shanghai Second-hand Property Transaction Taxes and Fees

Ordinary Residential---Taxes paid by Selling party

Property Nature	Years of Purchase	Family's only residence or not	Business Tax	Individual Income Tax	Land value-added Tax	Stamp duty	Transaction Fee
Ordinary Residential	<5 years	No difference	(selling price-buying price)×5.55% (Foreigners: 5.05%)	With Purchasing Proof: (Selling price-tax-reasonable expenses) × 20% Without Purchasing Proof: Contract Price × 1%	Temporarily Exempted	Temporarily Exempted	RMB 2.5/m²
	≥5years	Yes	Temporarily Exempted	Temporarily Exempted	Temporarily Exempted	Temporarily Exempted	RMB 2.5/m²
	≥5years	No	Temporarily Exempted	With Purchasing Proof: (Selling price-tax-reasonable expenses)×20% Without Purchasing Proof: Contract Price×1%	Temporarily Exempted	Temporarily Exempted	RMB 2.5/m²

Ordinary Residential--Taxes paid by Buying party

Property Nature	Years of Purchase	Family's only residence or not	Deed Tax	Contract Stamp duty	Transaction fee
Housing Residential	<5 years	No difference	1% for people buying their first home and GFA is less than 90 square meters; otherwise 1.5%	Temporarily Exempted	RMB 2.5/m²
	≥5 years	Yes	Ibid	Temporarily Exempted	RMB 2.5/m²
	≥5 years	No	Ibid	Temporarily Exempted	RMB 2.5/m²

Fixed Cost

Property Certificate stamp duty	Property Certificate registration fee	Mortgage registration fee	Blueprint charge
RMB 5/item	RMB 80/item	RMB 80/item	Temporarily Exempted

Definition of ordinary housing：
1.The construction size amounts < 140 square meters.
2.Price limit: The deal price is 1.44 times lower than average deal price of the properties from the same category of the land, less than RMB 2.45 million within the inner wing road; less than RMB 1.45 million between inner and outer wing road; Less than RMB 0.98 million outside of outer wing road.
3.Multi-storey apartment which consists of more than 5 floors (including 5 floors), Old apartments less than 5 floors, New Lane, Old Lane, etc.

Non-Ordinary residential---Taxes paid by Selling party

Property Nature	Years of Purchase	Family's only residence or not	Business Tax	Individual Income Tax	Land value-added Tax	Stamp duty	Transaction Fee
Non- Ordinary Residential	<5 years	No difference	contract price×5.55% (Foreigners: 5.05%)	With Purchasing Proof: (selling price-buying price) × 20% Without Purchasing Proof: Contract Price ×2%	Temporarily Exempted	Temporarily Exempted	RMB 2.5/m²
	≥5 years	Yes	With Purchasing Proof:(selling price-buying price) ×5.55% Without Purchasing Proof: Contract Price ×5.55%	Temporarily Exempted	Temporarily Exempted	Temporarily Exempted	RMB 2.5/m²
	≥5 years	No	With Purchasing Proof: (selling price-buying price) ×5.55% Without Purchasing Proof: Contract Price ×5.55%	With Purchasing Proof:(selling price-tax-reasonable expenses) ×20% Without Purchasing Proof: Contract Price × 2%	Temporarily Exempted	Temporarily Exempted	RMB 2.5/m²

Non-Ordinary Residential---Taxes paid by Buying party

Property Nature	Years of Purchase	Family's only residence or not	Deed Tax	Stamp duty	Transaction Fee
Non- Ordinary Residential	<5 years	No difference	3%	Temporarily Exempted	RMB 2.5/m²
	≥5 years	Yes	3%	Temporarily Exempted	RMB 2.5/m²
	≥5 years	No	3%	Temporarily Exempted	RMB 2.5/m²

Fixed Cost

Property Certificate stamp duty	Property Certificate registration fee	Mortgage registration fee	Blueprint charge
RMB 5/item	RMB 80/item	RMB 80/item	Temporarily Exempted

Blueprint charge:
In the case of Non-Ordinary Residential used as office or retail store, the charge is RMB 65 /item.

Notes: The characters in purple are valid from 1st November 2008 to 31st December 2009. The above information is for your reference only. Villable.com assumes no responsibility on its accuracy and would not responsible any loss due to the use of the information. The interpretation and/or explanation of the above information are subject to local Tax Bureau. It is also subject to revision and modification effected by government from time to time.

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