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Can I withdraw the provident fund when I buy a garage?
You can't. It is conditional to withdraw the provident fund, and the purchase of parking spaces is not within the conditions, so the provident fund cannot be withdrawn.

First, the conditions for withdrawing the provident fund

Workers in any of the following circumstances may apply for withdrawal of housing provident fund:

1. Purchase, build, renovate and overhaul self-owned houses;

2. Repay the principal and interest of the house purchase loan;

3. renting a house for self-occupation;

4. Retirement (or reaching the statutory retirement age);

5. Completely lose the ability to work, and terminate the labor relationship with the unit;

6. Go abroad to settle down;

7. Non-registered employees in this Municipality terminate labor relations with their units;

8 accounts to move out of the city, and terminate the labor relationship with the unit;

9. Laid-off workers, male 45 years old (including 45 years old), female 40 years old (including 40 years old), laid-off and unemployed 12 months or more;

10. When an employee dies or is declared dead, his successor or legatee applies for withdrawing the balance paid in the employee housing provident fund account.

Second, matters needing attention in purchasing parking spaces

1, define the property rights of parking spaces.

Property buyers must first understand the property rights of parking spaces before buying them. Some parking spaces have no property rights. If the property right certificate cannot be obtained for the parking spaces and garages purchased by property buyers, it means that the parking spaces or garages cannot be sold. If the parking space is a public facility, the developer will not enjoy its ownership, let alone conduct market transactions (selling parking space use rights or ownership).

2. Field investigation of parking spaces

Buying a parking space is the same as buying a house. Property buyers need to conduct on-the-spot investigation, and then consider the pattern, height, depth and width of parking spaces. If you buy an underground parking space, you must check it on the spot before buying, such as whether the drainage system of the underground garage is perfect.

3. Can't use provident fund loans.

Parking spaces can also be purchased by loans, but property buyers cannot use provident fund loans to purchase parking spaces, because housing provident fund is a long-term housing deposit paid by units and employees, which is applicable to employees' purchase, construction, renovation, overhaul and decoration (new construction) of self-occupied housing, and no unit or individual may use it for other purposes.

legal ground

"Regulations on the Management of Housing Provident Fund" Article 24 Employees may withdraw the balance of the housing provident fund account under any of the following circumstances: (1) purchasing, building, renovating or overhauling their own houses;

(2) retirement;

(three) completely lose the ability to work, and terminate the labor relationship with the unit;

(4) Having left the country to settle down;

(5) Repaying the principal and interest of the house purchase loan;

(six) the rent exceeds the prescribed proportion of family wage income.

In accordance with the provisions of items (2), (3) and (4) of the preceding paragraph, the employee housing provident fund account shall be cancelled at the same time.

If an employee dies or is declared dead, the employee's heirs and legatees may withdraw the storage balance in the employee's housing provident fund account; If there is no heir or legatee, the storage balance in the employee housing provident fund account shall be included in the value-added income of the housing provident fund.