Buy New Property Taxes and Fees

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Ordinary Residential---Taxes paid by Selling party
Property Nature Years of Purchase Family's only residence or not Business Tax Individual Income Tax
(Selling the not only residence need to pay)		 Land value-added Tax Stamp duty Transaction Fee
Ordinary Residential <5 years No difference Contract price×5.55%
(suburb)
Contract
pirce*5.65%
(urban)		 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
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 Family's only residence or not Deed Tax Contract Stamp duty Transaction fee
Housing Residential Yes 1% for people buying their first home and GFA is less than 90 square meters Temporarily
Exempted		 RMB 2.5/m²
Yes 1.5% for people buying their first home and GFA is more than 90 square meters Temporarily
Exempted		 RMB 2.5/m²
No 3% for people buying their non- unique home 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 Ordinary Residential used as office or retail store, the charge is RMB 65 /item.
Purchasing Proof:
Purchasing Invoice /Deed tax Invoice +S&P contract.
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%
(suburb)
Contract
pirce*5.65%
(urban)		 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 (Selling price-Buying price)×5.55% (suburb)
(Selling price-Buying price)×5.65% (urban)		 Temporarily Exempted Temporarily Exempted Temporarily Exempted RMB 2.5/m²
No (Selling price-Buying price)×5.55% (suburb)
(Selling price-Buying price)×5.65% (urban)		 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 Family's only residence or not Deed Tax Stamp duty Transaction Fee
Non-
Ordinary
Residential		 No difference 3% Temporarily Exempted RMB 2.5/m²
Yes 3% Temporarily Exempted RMB 2.5/m²
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
Purchasing Proof:
Purchasing Invoice /Deed tax Invoice +S&P contract.
Definition of non-ordinary housing：
1. The construction size amounts > 140 square meters.
2. Price limit: The deal price is 1.44 times higher than average deal price of the properties from the same category of the land, more than RMB 2.45 million within the inner wing road; more than RMB 1.45 million between inner and outer wing road; more than RMB 0.98 million outside of outer wing road.

Notes
1. The characters in purple are valid from 1st January 2011. 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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