First home loan is defined as: First home loan refers to a housing loan that enjoys the first home loan interest rate for purchasing a house. The identification standards for first home loans vary from place to place, and the specific conditions should be based on the local housing management department. Policy standards shall prevail.

How to define a first home loan

1. The Real Estate Bureau implements the standards for individual house purchases. The Ministry of Finance’s new real estate policy stipulates that for a house purchase contract signed on or after November 1, 2008, and for the first time For ordinary houses purchased with an area of ??90 square meters or less, the deed tax rate will be temporarily adjusted to 1. One of the three prerequisites for this deed tax concession is that the commercial house to enjoy the preferential treatment must be the owner's first home. The Real Estate Bureau and the Finance Bureau have given the answer.

2. Inquire about first-time home purchase information, based on the purchaser's name in the home purchase contract. When accepting an individual's first-time home purchase information inquiry, it is necessary to review the identity certificate of the inquirer, the pre-(current) sale contract of commercial housing or the purchase and sale contract of existing housing (when the person cannot inquire in person, the trustee should submit the original ID card of himself and the original ID card of the client).

3. Based on the definition standards of the property rights information system for home purchasers, it is stipulated that in the property rights registration information database, there is no property rights registration record, or there is property rights registration, but the source of property rights is self-construction or inheritance. , gifts, housing reform, affordable housing, demolition resettlement housing, are all first-time home purchases, and the Property Rights Market Department of the Real Estate Bureau will issue a "First-time Home Purchase Certificate". The standards also stipulate that the area for querying personal home purchase information is limited to the area registered by the agency that issued the "First Home Purchase Certificate".

Legal basis:

Article 14 of the "Interim Measures for Special Additional Deductions for Personal Income Tax" The taxpayer himself or his spouse alone or jointly uses a commercial bank or housing provident fund personal housing loan If you purchase a house in China for yourself or your spouse, the interest expenses incurred on the first home loan will be deducted at a standard fixed amount of 1,000 yuan per month in the year in which the loan interest is actually incurred, and the deduction period shall not exceed 240 months. Taxpayers can only enjoy a one-time deduction for interest on their first home loan.