1. Withdrawal:
Cash outflow usually refers to the exchange of cash benefits through illegal or false means. Mainly used for credit card cashing, provident fund cashing, securities cashing and so on. According to the two companies' Explanations on Several Issues Concerning the Specific Application of Laws to Impairment of Credit Card Management, cashing refers to illegal acts such as fictitious transactions, false prices, cashback, etc. stipulated by national laws and regulations such as selling terminal equipment (POS machines). Pay cash directly to the credit card holder. In China UnionPay's Measures for the Management of Banknote Printing Risk of UnionPay Card Acquirers, the current definition is: merchants collude with bad debt cardholders or other third parties, or merchants use virtual transactions to withdraw cash on their own.
Two. Parents will transfer their property to their children;
1. Heritage
Inheritance is the least way to pay taxes. Parents can't handle it if they are alive. Only after the death of parents can we deal with the inheritance of property. In the process of inheriting real estate procedures, only a small amount of fairness and inheritance notarization fees need to be paid. Even if the real estate license is less than five years old, you only need to pay 1% personal income tax and 5.5% business tax.
give
The way of giving gifts is simple and convenient. Gifts between immediate family members only need to pay stamp duty and deed tax, and the cost is not much. The most important thing is deed tax, which is 3% of the estimated value of the house and 3% of the market price. You can use this method if you are considering using the property as your own residence or for rent. However, in the future, this method is not suitable. If the child sells the house within five years after receiving the gift, or the child owns multiple properties, according to the current operation mode, the child can only pay according to the actual charging method. Income tax is calculated by deducting reasonable expenses from transferable income, and 20% is levied, while business tax is levied on transferable income at 5.5%.
Buying and selling
The way of buying and selling is direct and won't leave any trouble. There is no need to talk about price in real estate transactions between immediate family members. They only need to pay stamp duty, deed tax and business tax according to the assessed price of local taxes, and the cost is not much. If parents "sell" their property to their children, they need to pay 1% personal income tax. Since there is no real estate license in the past five years, you still have to pay 5.5% business tax. Children need to pay deed tax of 1%. When the children transfer their property again in the future, if they get a five-year real estate license and it is a house, the daughter only needs to pay a small transaction fee. If the real estate license is less than 5 years old or there are multiple houses, you need to pay 1% of the total personal income tax, and the sales tax will increase by 5.5%.