On September 30th, the Ministry of Finance and State Taxation Administration of The People's Republic of China issued the Announcement on Personal Income Tax Policy for Supporting Residents to Buy Houses: From June 65438+ 10 in 2022 to February 65438+ 10 in 2023, taxpayers who sold their own houses and bought houses in the market again within 1 year after the existing houses were sold,
Among them, if the newly purchased housing amount is greater than or equal to the current housing transfer amount, all the paid personal income tax will be refunded; If the amount of newly purchased housing is less than the transfer amount of existing housing, the personal income tax paid for the sale of existing housing will be refunded according to the proportion of newly purchased housing to the transfer amount of existing housing.
For this policy, State Taxation Administration of The People's Republic of China interpreted it that day, but non-professionals seem to be very entangled; Various media have different versions of interpretation, but they are scattered and unsystematic. Then, as buyers and sellers, how to quickly grasp the core essence of the policy and strive to enjoy the benefits of the policy? In this issue, I will outline for you and make a concise and in-depth interpretation.
1. Interpretation of the core of the New Deal
To summarize the announcement issued, in short, if you want to enjoy the preferential tax refund, you need to meet three conditions:
1. Sell before buying, 1 year to buy a house;
2. Buying and selling in the same city cannot be refunded across cities;
3. It must be the same property owner or one of the property owners, and selling a house is related to buying a house.
In other words, from June 10 to next year, if you sell a house and buy another house, you can reduce personal income tax.
1. The tax refund amount is related to the online sign price, and has nothing to do with the size of the house.
2. The tax refund is in stages, by the end of next year at the latest.
3. If the difference between selling a house and buying a house is less than the tax refund, selling a house is greater than the full tax refund.
4. The policy is implemented nationwide, but the tax refund for transactions in the same city cannot be refunded in different places.
5. Enterprises cannot enjoy individual tax rebate, and the policy only applies to individual housing.
6.*** Property rights, taxes and fees shall be refunded separately, and cannot be refunded to one person.
It is not difficult to see that this policy is obviously to encourage existing customers to re-trade and replace, so as to revitalize the real estate market.
Second: several key points to pay attention to.
There are several points to be noted in this tax rebate policy:
The first is the limited categories of time points and nodes. This policy is applicable from 2022 10/0 to February 2023 1. So when is the online signing date? Or is it based on the tax payment date? The tax refund policy is based on the time of tax payment, not the time of online signing or transfer. In other words, if you signed a second-hand house online in September, but paid the tax after 10, congratulations, you can enjoy the tax refund after buying a house; If you paid taxes before June 10, you missed it.
It is worth noting that the two actions of selling a house and buying a house must be completed within 1 year from the date of selling the house, at the latest by the end of 2023. For example, if the house was sold on June 65438+1 October, 2022, then the house must be bought on June 65438+1 October, 2023, not on February 3, 20231. At present, the window period is only 15 months. Second-hand housing sales are still based on tax payment time. If you buy a first-hand house, you can use the online signing time as the node, because tax payment and tax deduction are generally delayed, and you can only pay it when you do a real estate license.
The second is the limitation of the main conditions of the house. This policy is only for real estate transactions with personal income tax, that is, houses that are two or five years old but not unique, or only houses that are less than five years old, and they need to pay a tax when they are transferred. If the property you have traded for more than five years and the only one is exempt from personal income tax, you won't enjoy the tax refund policy because you didn't pay taxes in the first place.
It is worth noting that when paying personal income tax, there are two ways to choose, that is, full amount 1%-2% or difference of 20%, which varies from city to city. Take Qingdao as an example. Generally, it is levied at 2% of the total amount, but cities such as Beijing and Zhengzhou are levied at 20% of the difference, which is not a small amount.
The third is the definition of tax base. In practice, many people often sign a "yin-yang contract" in the actual transaction of second-hand houses in order to pay less deed tax, that is, sign a price online and agree on a price privately. So which one is levy standard? The tax basis is the online signing filing price, that is, the amount actually approved when paying the tax in the real estate trading center, rather than the agreed price reached orally or privately by the buyer and the seller as the collection standard.
This will have an impact on the seller, who is unwilling to cooperate with the buyer to reduce the online signing filing price, because the more taxes the buyer pays, the more tax rebates the seller will get when buying a house in the future, because in practice, the individual taxes of the seller are often paid by the buyer.
So considering that the filing price also corresponds to the loan amount and tax amount, and the deduction amount this time, is it high or low? It will greatly increase the difficulty of calculating the online signing price of second-hand housing transactions in the future, and the needs of buyers and sellers are definitely different. Property buyers want to increase the loan amount, and if the filing price is high, they must pay more deed tax and individual tax. Of course, the seller is happy to see it. Buyers who want to pay less deed tax and individual tax have to lower the filing price, but sellers with individual tax considerations may not be willing to cooperate.
The fourth is whether the sale of multiple suites can be combined with tax rebates. In addition, there is a special situation. If the seller sells two or three sets within one year, can there be a tax deduction for the latest one? At present, there is no clear answer to the policy, and we need to wait for the details of the follow-up policy.
Third: the impact of the New Deal on the pattern of the property market.
The original intention of the policy is to encourage improved housing demand, sell one and buy one, promote real estate transactions and speed up turnover. So what impact will it have on the property market pattern? I think it may bring the following changes:
First, to a certain extent, it has brought about an increase in second-hand housing. For the improved demand, it is necessary to sell the property currently held in order to buy improved housing and enjoy the tax refund policy, and the premise must be to sell the property, so a considerable number of people will start to enter the market and try to sell it in the market. However, judging from the current environment of the second-hand housing market, firstly, the listing volume is already very large, and secondly, the biggest difficulty is not the heavy tax burden, but the inability to find a suitable buyer. In other words, because of the downturn in the real estate market, most buyers are in a wait-and-see state, which is indeed a contradiction.
Second, it is conducive to promoting market transactions with two or five rooms. According to the truth, this part of the housing needs to pay a tax when trading in the market, and according to the general operation of the market, it is often to buy a house for the seller to bear. Now selling one set and buying another set, in addition to enjoying the tax rebate policy in the early stage, one more "invisible subsidy" will accelerate the flow of this part of the housing, stimulate improved demand, accelerate the entry into the market, buy a house again, and end the wait and see.
Third, it is good for people who hold multiple properties, luxury houses and so on. People who hold more than 1 set of houses can sell their houses, in addition to the original normal selling price, and the subsequent purchase can also increase an additional tax return income, which is a rare opportunity. For luxury houses or first-tier cities, it's normal to save more than 100,000 yuan because of high housing prices, and the tax refund amount is higher. Especially in a city like Beijing, housing prices are high, and a tax is levied according to the difference of 20%. If a house is bought for 6.5438+million yuan and sold for 6.5438+0.5 million yuan, the tax rebate will be as high as one million yuan, and the policy effect will be more obvious.