|
Q：
|
How to calculate and pay individual income tax on the sale of a personal residential family‑owned house?
|
|
A：
|
There are two scenarios:
-
If the original value of the house and relevant reasonable expenses can be determined, individual income tax shall be levied at 20% on the profit from the house sale, calculated as (Selling Price − Original Value − Reasonable Expenses) × 20%.
-
Where supporting documents for the house’s original value cannot be provided, or the tax authority is unable to verify the original value via tax administration, housing registration and other information systems, individual income tax shall be calculated and paid based on the transaction price of the house at the verified collection rate of 1% applicable in Beijing. Where the transaction price is obviously low, the tax authority will carry out a verification.
|
|
Q：
|
What do the original value of the house and relevant reasonable expenses refer to?
|
|
A：
|
The original value of the house refers to the actual house purchase price you paid back then plus taxes and fees. Reasonable expenses mainly include house renovation costs, loan interest and other reasonable expenditures.
|
|
Q：
|
What does the exemption of individual income tax apply to an individual selling a family‑owned house that meets the “five‑year ownership and sole residence” criteria mean?
|
|
A：
|
“Five‑year ownership and sole residence” is the key term for individual income tax exemption. If you have owned the house for more than five years and it is the only residential property of your family, the individual income tax shall be fully exempted upon the sale of the house.
|
|
Q：
|
How to determine the "five‑year ownership" requirement?
|
|
A：
|
"Five‑year ownership" means the period from house purchase to house transfer has reached five years. The purchase date is determined by the earlier date stated on the house property certificate or the deed tax payment certificate. The house‑selling date shall be subject to the date indicated on the sales invoice issued after tax payment is completed.
|
|
Q：
|
How to determine the "sole residence" requirement?
|
|
A：
|
"Sole residence" means your family owns only one residential house within the same province, autonomous region or municipality directly under the Central Government.
|
日本語
ホーム
よくあるご質問
よくあるご質問
