Can individual housing loans be tax deductible? Personal housing loans are included in the six special deductions of personal income tax, so housing loans can be deducted from individual taxes. The six special deductions are children's education, continuing education, support for the elderly, housing loan interest, housing rent and serious illness medical treatment. Below, I have sorted out the details of whether personal housing loans can be tax deductible, hoping to help you!
1. Can individual housing loans be tax deductible?
Mortgage interest tax deduction refers to the interest expense of the mortgage loan of the purchaser, which can be used as pre-tax deduction. Generally speaking, when calculating the monthly personal income tax payable, mortgage interest is deducted from the income tax payable such as wages and salaries, and the rest is calculated as a tax.
After the New Deal, personal income tax = payable income (wage income-five insurances and one fund-mortgage interest) * tax rate-quick deduction.
Second, how to deduct the special additional deduction of personal income tax?
According to the interim measures, the special additional deduction follows the principles of fairness, reasonableness, simplicity, practical burden reduction and improvement of people's livelihood. The specific deduction standards are as follows:
Children's education: The expenses related to the taxpayer's children's preschool education and academic education are deducted according to the standard of12,000 yuan per child per year (10,000 yuan per month).
Continuing education: Taxpayers who receive continuing education with or without academic qualifications can deduct 4,800 yuan or 3,600 yuan annually within the prescribed time limit.
Serious illness medical treatment: the part of the taxpayer's self-funded medical expenses exceeding 6.5438+0.5 million yuan in a tax year can be deducted within the annual limit of 60,000 yuan.
Housing loan interest: the first housing loan interest expense incurred by the taxpayer himself or his spouse can be deducted according to the standard of 1 000 yuan per month.
Housing rent: Taxpayers and their spouses have no housing in the taxpayer's main working city, but the rental expenses incurred in renting housing in the main working city can be deducted according to the monthly 800 yuan to 1.200 yuan.
Support for the elderly: taxpayers whose parents are over 60 years old (inclusive) will be deducted according to the standard of 2000 yuan per month.
Three. What is the special additional deduction for individual tax reform?
The tax threshold will be adjusted from 3,500 yuan to 5,000 yuan, while expanding the lower tax rate range, which is essentially an indirect salary increase. Taking the monthly income of 5000 yuan, 10000 yuan and 20000 yuan as examples, after deducting a certain proportion of five insurances and one gold, 45 yuan, 345 yuan and 2620 yuan should be paid respectively before the individual tax reform, and 0 yuan, 90 yuan and 620 yuan should be paid respectively after the reform. Obviously, after the tax reform, the tax payment has been greatly reduced, and the money saved can be used for other living expenses.
Secondly, this tax reform is a boon to loan buyers. On the one hand, under the new tax plan, the tax threshold is raised, the disposable income is increased, and the bank loan amount may also be increased, which can alleviate the down payment pressure. Because generally speaking, when issuing housing loans, banks will refer to the borrower's comprehensive repayment ability to determine the loan amount, and the evaluation of the borrower's comprehensive repayment ability focuses on the borrower's disposable income.
On the other hand, special additional deductions such as housing loan interest and housing rent in the new tax draft can reduce the pressure on home buyers to repay loans. In fact, for most office workers, after paying off the mortgage every month, there is basically not much left, and even a few people have broken the mortgage. Excessive economic pressure has led to a decline in the quality of life. However, some netizens believe that the pressure of repaying loans is small, and those who have the ability are eager to move, which may bring a wave of buying houses, which in turn will push up housing prices, and the pressure of buying houses will be even greater.
Slow loans "artificial barriers" to apply for commercial loans with a low amount have little impact on high-end real estate.
Recently, many cities in China, including Hefei, Hangzhou and Xuzhou, have experienced the situation that the balance of housing provident fund is in a hurry and the pressure of lending is increasing. Although there have been rumors that the loan amount of Beijing-managed provident fund is tight, according to the statistics of Jia Wei Anjie, the loan population using Beijing-managed provident fund accounts for about 10%-20%. Therefore, even if the national provident fund loan amount is in a hurry, it will not affect the issuance and overall provident fund loans. In addition, according to the interview of Guangsha Times, the current Beijing provident fund lending rate is stable, and buyers can actively communicate with real estate developers and apply to cooperative banks. Even so, according to the words of a popular real estate salesperson, in the actual purchase process, they still prefer to choose customers with one-time payment and commercial loans, which is conducive to the company's rapid payment and reduces the workload of staff. For high-end properties, due to the low amount of provident fund loans, little effect and slow approval time, most properties with a total price of more than 5 million yuan in the market do not accept provident fund loans and portfolio loans, but only provide pure commercial loans.
Just need the family's "love" provident fund loan.
Mr. Hao, who has been considering buying a house in Yizhuang recently, feels a little worried. The reason is that the real estate he is interested in in in this area is currently in the storage stage. Due to Mr. Hao's short working hours, the current economic strength is difficult to support the full payment. In order to save the province, Mr. Hao wants to apply for a provident fund loan. However, when communicating with real estate sales staff, Mr. Hao learned that although the project did not explicitly refuse buyers to apply for provident fund loans, in general, buyers would be advised to choose commercial loans. "I originally planned to save some' unnecessary' expenses by applying for provident fund loans, but now it seems that it is difficult to successfully apply for provident fund loans as expected." Mr. Hao sighed, "The salesperson said that the approval time for commercial loans is short and there are many preferential measures, so he has always advised me to apply for commercial loans. However, the actual situation is that the preferential interest rate of the first home loan of major banks is generally 10% off or the benchmark interest rate is implemented. Comparatively speaking, what is the difference between the repayment of provident fund loans and commercial loans? According to Mr. Hao's calculation, taking the loan of 800,000 yuan as an example, the principal and interest will be repaid in equal amount for 30 years. If the property buyers choose to apply for provident fund loans, the monthly repayment amount is 4,053.48 yuan, and the total repayment amount is/kloc-0 1459253.69 yuan; If the buyer chooses to apply for a commercial loan, the monthly repayment amount is 5082.88 yuan, and the total repayment amount is 1829836.38 yuan. The monthly repayment amount and the total repayment amount are two kinds of loans.
Some property buyers take the initiative to change the loan method.
It is understood that there are not a few people who have the same idea as Mr. Hao when encountering this kind of confusion. Why are some developers not optimistic about provident fund loans? Wu Hao, planning manager of Jia Wei Anjie, said that compared with commercial loans, it takes a long time to apply for provident fund loans. Some developers let buyers communicate with the housing provident fund management center themselves, and some buyers will choose commercial loans if they are in trouble. There is no limit on the amount of commercial loans, and the speed of loan approval is relatively fast. Under normal circumstances, commercial loans take less than one month from application to lending, while provident fund loans take 2-3 months.
According to a salesperson who did not want to be named in a real estate, due to the hot sales of the current hot-selling real estate, there are thousands of people queuing to buy a house in many real estates, and there are also many customers who can pay in full. In the early stage of customer storage, sales staff will focus on "tracking" the purchase intention of such people, followed by recommending commercial loans to buyers. "This is not only conducive to the rapid payment and efficient operation of the company's funds, but also reduces the workload of sales staff and saves the time of' waiting'." The salesperson said.
In addition, the salesperson revealed that in the atmosphere of tight market housing and panic buying houses, some buyers missed the housing for fear of being "cold-shouldered" by salespeople and voluntarily gave up the provident fund loan. "Artificial promotion" pushes buyers to commercial loans with higher interest rates, making "strategic cooperation" developers and banks the ultimate "beneficiaries".
Most high-end properties do not support provident fund loans.
It is understood that at present, only a few properties are on sale in the market, and it is clearly stated that provident fund loans are not provided. However, in high-end projects, the situation is just the opposite. Most properties with a total price of more than 5 million yuan only support pure commercial loans. Why?
According to the news of Guangsha Times from Beijing Housing Provident Fund Management Center, at present, the maximum amount of a single loan of Beijing housing provident fund is 800,000 yuan; The loan amount of AA credit rating assessed by personal credit rating agencies can be increased by 15%, that is, 920,000 yuan; For AAA loan applicants, the loan amount can be increased by 30%, that is, 654.38+0.04 million yuan. The longest loan period of the borrower can be calculated until the borrower is 70 years old, and the longest loan period shall not exceed 30 years. Such a loan amount is still "useful" for buyers who just need to buy real estate of 6.5438+0.5 million-2 million yuan, but for projects with more than 5 million yuan, the loan amount is "not enough" for the actual help of buyers.
"Because the loan amount is limited, it is of little significance for high-end buyers to apply for provident fund loans. For example, a property buyer bought about 8 million houses, applied for 800,000 provident fund loans, and finally matched nearly 5 million commercial loans, so the portfolio loan process is more complicated. It is not that high-end real estate does not accept provident fund loans. It's just that the money they can borrow is only "nine Niu Yi cents" for high-end housing prices, and the target customers of high-end buildings generally don't consider using these hundreds of thousands of loan lines. Provident fund loans are policy loans, with low interest rates and interest rates. Generally, the lending targets are property buyers in urban fringe areas, which are its target customers. Therefore, the provident fund loan will be in a relatively embarrassing state when the house price is high. " Ji Man, a veteran of the real estate industry, said.
Even so, Ji Manru expressed support for limiting the loan amount. "Because the subprime mortgage crisis in the United States is a financial storm caused by excessive bank lending. With high interest rate and low threshold, Bank of America brought many buyers who could not repay the loan into the scope of loan purchase, and the lender did not repay the money, which led to a large number of non-performing assets in the bank, the capital chain of financial institutions was broken, and the income of funds and bonds could not be cashed, which eventually led to the collapse of Lehman Bank. At the same time, excessive mortgage has also boosted housing prices, exacerbated the bubble in the real estate industry and created risks. Ji Manru said, "At present, banks limit the total amount of loans in order to prevent potential financial crisis." . Entrusted policy provident fund loans are limited by their past conditions and support the people. Therefore, luxury buyers are not within the scope of "support" of provident fund loans, so their loan amount cannot be raised to a very high level. "
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