1. "Non-American couples are not entitled to unlimited rights of automatic inheritance by American couples, so the spouse who dies later has to pay inheritance tax first"?
American policy stipulates that both husband and wife in the United States have unlimited power to inherit property automatically. After the death of one party, the other party can automatically inherit its property without paying inheritance tax. Couples who are not American citizens do not enjoy this policy, so the deceased must pay inheritance tax before inheriting property.
2. What is the difference between personal allowance and standard deduction?
(1) Exemption amount refers to the amount exempted from taxation in the total amount of taxable objects stipulated in the tax law. No matter how large the amount of tax object is, if it does not exceed the exemption amount, it will not be taxed; If it exceeds, the excess will be taxed;
(2) The standard tax deduction is similar to the progressive tax rate in China, and the threshold is set, and the excess part increases with the increase of the tax base according to its level. The higher the tax target, the higher the tax rate.
3. The real estate can't be rented smoothly or for other reasons, and the real-time personal income tax is zero. Why do you need to declare it?
Declaration is not equal to paying taxes. When the income is negative, the personal income tax is zero, and it still needs to be declared.
Second, about risk.
1. All the expenses of the house agency shall be paid by the seller. Then, if both parties have intermediaries, do intermediaries and sellers collude to raise housing prices? How to protect the buyer's rights and interests at this time? Are there any relevant laws and regulations?
According to American law, a housing agent or an agent engaged in real estate transactions must hold a license. If the intermediary does not consider the interests of his agent, it is possible to revoke the license.
2. What are the advantages and disadvantages of company-owned houses and individual-owned houses? Is it true that leased auction houses can only be bought in the name of the company, and leased auction houses can only be bought in the name of individuals? Is there a necessary connection between the two?
Compared with individuals, companies have the characteristics of permanent existence and limited liability. If the company holds real estate, it can realize the permanence and security of real estate holding. At the same time, holding the house in the name of the company can facilitate the gift and inheritance of the house among the shareholders of the company, and avoid the tax problems such as gift tax and inheritance tax caused by the transfer of property brought by non-American status. At the same time, the daily expenses and expenses of real estate can also be deducted when the company declares. The main disadvantage of holding real estate with a company is that it needs to spend a sum of money to set up a company first. There is no necessary connection between the two. It is more advantageous to buy a house in the name of the company, and there are many conveniences in future transactions such as tax payment and transfer.
The original owner bought a house with a loan of $600,000, and later wanted to sell the house because of job transfer. At that time, the market price of the house had dropped to about 460 thousand, so he went to the broker to sell it at a loss. A buyer offered 500,000 yuan, but asked the seller to refund 3% to pay the loan. Why doesn't this offer work?
There is a risk of fraud in this proposal. As far as the conditions are concerned, the buyer wants the seller to refund 3% of the house price to pay his loan. That is to say, after the seller pays back the money, the buyer borrows from the lending institution and then pays the house price. If the buyer fails to buy a house or absconds with the money, the seller will bear the losses.
4. Regarding the house auction by purchase, why can the original owner transfer the taxes and fees owed to the new owner?
When the house is auctioned by auction, the taxes and fees owed by the original owner are likely to be attached to the house by auction. If the new owner decides to auction the house, he must accept this additional condition.
5. The house price in Detroit is low, but the investment is risky and there is basically no room for appreciation. Is it valuable for developing Detroit's real estate market? In addition to the price factor, China property buyers should consider more factors. Why do thousands of people go to Detroit to "bargain-hunting"?
Although the housing price in Detroit is very low, the high tax on real estate and the current poor urban security also make low-priced real estate worthless. Investors should not only consider the housing price factor, but also the lack of information acquisition is the reason for investors' blind choice.
6. What is the source of the money house? Why do banks sell bank houses?
When many mortgage lenders can't repay their bank loans at maturity, banks will apply to the court to auction their houses to realize their creditor's rights. But when the housing market is depressed and house prices fall, the auction may not go out, and banks can only own their own houses at this time. When there are more and more such houses in banks, it means that banks have more and more negative assets. In order to reduce the property pressure of negative assets and increase the amount and flow of cash, banks will sell these houses at low prices to reduce losses.
Third, about loans.
1. Regarding the bank house, you can apply for a loan one year after buying the house. The loan here refers to the mortgage of the previously purchased bank house? Then, after buying this property, can I still get a loan?
One year after buying a house, the property right of this property belongs to an individual, no longer a bank, and can be loaned.
2. When people from China buy houses in the United States, the amount of RMB converted into dollars is usually limited, and most banks in the United States are reluctant to provide mortgage loans to buyers from China. Do you have any good suggestions on this issue?
There is a limit on the amount of RMB exchanged for US dollars, which is 50,000 US dollars per person per year in China, that is, an ID card has a foreign exchange remittance amount of 50,000 US dollars within one year. It's best to go to China Bank for foreign exchange remittance in China. In addition, China should not remit more than three remittances to the same foreign payee and account every month, that is, US$ 654.38+RMB 5,000. If you need a large remittance, it is recommended to open two more accounts in the United States. Bank of America did not explicitly refuse to provide mortgage loans to China buyers. This depends on the different loan conditions in different parts of the United States, and the borrower's personal capital certificate and credit status are the key.
3. The first loan bank and the second loan bank? Why is the second lending bank willing to take the risk of losing everything?
The first loan bank is the bank where the lender mortgages the property for the first time, and the second loan bank is the bank where the lender mortgages the property again. The second loan bank decides whether to mortgage the property to the lender according to the residual value of the property, which is very risky. The second loan bank decides whether to lend according to the loan amount, profitability, loan purpose, high interest rate and other indicators.
4. What are the main points of loan? What is the special purpose of "integral"?
What is "fen"? "Fen" is the loan amount of 1% house. For example, if you are going to borrow 250,000 yuan from the bank, then a 1 point is 1% of the housing loan, which is 2,500 yuan. Two "points", two points are 2% of the housing loan, which is 5000 yuan. Want to "points", in fact, want to use money to buy low loan interest. It can be said that if you borrow 250,000 yuan from the bank, one "point" will reduce the interest by about 0.25%, and two "points" will reduce the interest by about 0.50%. In other words, if the current loan interest is 6% instead of "cents", one "cent" means that the loan interest can be reduced to 5.75% with 2,500 yuan, and two "cents" mean that the loan interest can be reduced to 5.50% with 5,000 yuan. In fact, it is obvious that wool is on sheep.
Four. About real estate agents/lawyers
1. Should I hire a real estate agent or a real estate lawyer to buy or sell a house?
Whether to hire a real estate agent or a real estate lawyer, or both, mainly depends on local laws and regulations. Some states stipulate that only real estate agents can buy and sell houses, some states stipulate that only real estate lawyers can buy and sell houses, and some states stipulate that real estate agents and real estate lawyers can jointly complete the purchase and sale of houses.
2. Is the real estate agent's license valid in the state or the whole federal scope?
American real estate law is a state law, not a federal law. Therefore, the license of real estate agent is only valid in the state where it is located, not in the whole country. So when you choose a real estate agent, be sure that your real estate agent has a license from the state where you buy a house.
3. American housing sales generally adopt the model of real estate agent. What are the advantages of this model? Is it feasible for the parties to buy and sell private real estate directly through the real estate agent?
In the American real estate industry, it is very common to adopt the model of real estate broker. It is a legal form of buying and selling houses with special laws, and it also clearly stipulates the behavior norms and responsibilities of real estate agents. The advantage of adopting this model is that real estate agents can use their professional services to explain the sale of houses, save the time of buyers and sellers and improve the work efficiency of the real estate industry. Real estate agents usually take their work very seriously. Real estate agents are basically very cautious about some fraudulent illegal acts. Because in the United States, a country with a sound legal system, it is really not cost-effective to smash one's job, revoke one's license, or commit a criminal offence for immediate interests. Of course, buyers and sellers can also trade privately without real estate agents, but only if you have professional real estate knowledge or the other party is a reliable friend or acquaintance. Otherwise, you are likely to increase the risk of housing transactions, such as property rights defects, quality problems, seller fraud and so on.