(1) According to the deed tax policy for the first home, if the area of purchased ordinary commodity housing is less than 90 square meters, the deed tax for loan purchase shall be implemented according to 1%;

(2) If the area of the first suite is 90 square meters to 144 square meters, including 144 square meters, the purchase tax rate of the first suite will be halved, that is, the effective tax rate will be 2%;

(3) If the area of the residential apartment purchased by the first suite exceeds 144 square meters, the deed tax rate of the first suite shall be levied at 4%.

2. Deed tax for the second housing loan:

According to the provisions of the New Deal, the deed tax will be reduced or exempted at the rate of 1% for the second suite with an area of 90 square meters or less; If the area of the second suite is more than 90 square meters, the deed tax shall be levied at the reduced rate of 1.5%.

Legal basis: People's Republic of China (PRC) Tax Collection and Management Law.

Article 1 This Law is formulated with a view to strengthening the administration of tax collection, standardizing tax collection, safeguarding national tax revenue, protecting the legitimate rights and interests of taxpayers and promoting economic and social development.

Article 2 This Law is applicable to the collection and management of various taxes collected by tax authorities according to law.

Article 3 The collection, suspension, reduction, exemption, refund and supplementary payment of taxes shall be carried out in accordance with the law. Where the State Council is authorized by law, it shall be implemented in accordance with the administrative regulations formulated by the State Council.

No organ, unit or individual may, in violation of the provisions of laws and administrative regulations, arbitrarily make decisions on tax collection, suspension, tax reduction, exemption, tax refund, overdue tax and other decisions inconsistent with tax laws and administrative regulations.

Article 4 Units and individuals that are obligated to pay taxes according to laws and administrative regulations are taxpayers.

Units and individuals that have the obligation to withhold and pay taxes according to laws and administrative regulations are withholding agents. Taxpayers and withholding agents must pay taxes, withhold and remit taxes and collect and remit taxes in accordance with the provisions of laws and administrative regulations.