2. Ownership: individual tax, real estate annual tax (ATED), enterprise value-added tax, municipal engineering tax,
3. Withdrawal link: asset enterprise income tax, house inheritance tax,
Stamp duty StampDutyLandTax
When you buy a property in the UK and make a deal, you should pay stamp duty to the tax bureau, so that the transaction can be finally recognized by the government department. This tax is the stamp duty tax listed by the buyer's lawyer in the details of the house before delivery. Within 30 days after the transaction is concluded, the buyer's teacher will mean that the buyer pays the tax to the British Land Registry and records the property rights.
From April 20 16, the British government imposed an additional stamp duty of 3% on the buyers of the second house or investment house. This additional stamp duty should add 3% to the current basic tax rate of house purchase. Up to now, this current policy applies to local British buyers and all foreign buyers, which is fair, just and equal.
It must be noted that the second house here refers to the second house in the world. The basic information of local British buyers is clear, and foreign buyers implement their own declaration system. Here, Miss Mi reminds me that it is only an extra 3% tax rate. Rather than not applying for it and letting the British Inland Revenue Department check it in the future, it is better to try to get more discounts and be realistic. In front of taxation, all are equally responsible.
From 20 17 1 1 22, the British government will waive every stamp duty if the price of the residential property does not exceed 300,000 pounds; If the price is between 300,000 pounds and 500,000 pounds, the stamp duty on the part of 300,000 pounds will be exempted, and the stamp duty on the part of 300,000-500,000 pounds will be 5%. It is worth noting that if the transaction price exceeds 500,000 pounds, there will be no reduction, and the stamp duty on land resources will be paid at the normal tax rate.
The latest news: the British government will levy an additional 3% stamp duty on overseas buyers from now on.
Before the British presidential election held at the end of 20 19, Boris Johnson, leader of the Conservative Party, stated that if the Conservative Party won the presidential election, it would increase the stamp duty on foreigners buying real estate in Britain by 3% to reduce the overheated real estate industry. At the end of the article (at the end of 20 19), this campaign service promise has not been honored, but the current policy situation is constantly changing, and it is suggested that buyers seize the opportunity and start immediately.
Individual tax IncomeTax
Individual tax refers to the owner who invests in leasing and pays taxes to the tax bureau according to the self-assessment application after the end of each fiscal year. It is worth noting that there are some costs that can offset the annual income, including equity financing expenses, maintenance expenses, furniture purchase expenses, expenses during renting intermediary companies, and some technical professional expenses. It is recommended that you keep the payment receipt of various expenses so that your registered tax agent can file tax returns for you on time.
How to avoid tax reasonably when buying a house in Britain? Project investment British ISA
ISA is a literal expression, which is actually an IndividualSavingsAccount. There are two kinds of ISA keys in the British market: cash ISA and stock ISA. SharesISA)。
CashISA
This is similar to a general savings account, but the difference is that the cash ISA must deposit on time every month, and the interest caused is tax-free. However, the interest rate of this account is relatively low. Generally speaking, the current deposit is only 1.05%, and it is less than 2% if it is fixed for five years. Even if the annual interest rate is not too high, it attracts a large number of people. It is widely believed that the cash ISA account is less risky.
Relevant persons explained the reasons: although the annual interest rate is relatively low and the inflation rate is relatively high, it is not worthwhile to put money into the cash ISA account, but many people still regard the cash ISA as a part of long-term deposits and prepare for the future to be used together with the pension insurance. There are also some investors who feel that they can better grasp the opportunity and buy at a lower price when they have to invest in cash.
Stocks& SharesISA
Although individual ISA is a bit risky, this is the account that can really give full play to the advantages of tax exemption policy. The scope of individual ISA's project investment is far more than that of individual stocks. What kind of open-end funds, investment finance and debt bonds can all be invested in projects. And the income caused by individual ISA can be exempted from extremely high CapitalGainsTax, profits tax and corporate income tax.
In the fiscal year of 20 16-20 17, what is the amount of tax exemption policy for each adult ISA this year? 15,240, and in fiscal year 20 17-20 18, this credit line will rise to? 20,000! In other words, after April 6, 20 17, whether it is cash ISA or individual ISA, the total amount in it cannot exceed? 20,000。 The increase in the amount can also be seen that the specific policy is calling on everyone to put money into ISA.
In this way, for example, a family of three, couples can have every year? 40,000 in the ISA account. Even for JuniorISA over 18 years old, is there a credit line? 4,080。 In other words, a family of three can have an appointment a year? 44,080 tax standard.