Houses purchased in installments have purchase invoices. According to the Decision of the State Council on Amending the Measures for the Administration of Invoices in People's Republic of China (PRC)

Article 19 of Decree No.587 of the the State Council of the People's Republic of China: Units and individuals selling goods, providing services and engaging in other business activities, the payee shall issue invoices to the payer. Twentieth units and individuals engaged in production and business activities to buy goods, receive services and engage in other business activities, shall issue invoices to the payee. Therefore, regardless of whether the house is in installments, loans or full payment, developers should issue purchase invoices to buyers.

2. What are the invoices for the loan to buy a house?

Loans to buy a house include purchase invoices, deed tax invoices and maintenance fund invoices. Mortgage loans to buy a house must also issue a full invoice, because the house is mortgaged in the bank, and the bank pays the house price to the developer, which means that the house price has been settled by the developer, so it is necessary to issue a full invoice. The time for issuing the full invoice is generally several months after signing the purchase contract, and the invoice amount is the total house price of the whole house.

Use of purchase invoices

Used to apply for real estate license. When handling the real estate license, the Housing Authority will ask the purchaser to issue a full purchase invoice, which proves that the house has completed the capital delivery and the house property right can be registered in the name of the purchaser. If there is no invoice after buying a house, it means that the house has not paid all relevant taxes and fees, and it is impossible to apply for a real estate license.

Withdraw provident fund, housing provident fund is a special fund, which can only be used to buy residential commercial housing. If you want to withdraw the provident fund to repay the mortgage, you need to provide a full purchase invoice to prove that the house has been paid in full and the house has been owned by the purchaser himself. Without the purchase invoice, it is impossible to prove this relationship. It is impermanent to withdraw the provident fund to repay the mortgage.

Settle down, some cities will require buyers to provide purchase invoices when they settle down. After the buyer moves into the new house, he should go through the settlement formalities at the police station in the jurisdiction with the purchase invoice. When they have sold their own houses for five years and are the only houses in their families, they can be exempted from paying personal income tax. However, if you do not meet the requirements of purchasing a house for five years or are not the only house, you need to bear 1% of the total transaction amount or 20% of the profit as personal income tax.