How to collect personal income tax for second-hand houses
Approved collection method: personal income tax payable = taxable value × 1% (or 1.5%, 3%). The approved collection rate of personal income tax for personal housing transfer in our city is: ordinary housing 1%, non-ordinary housing or non-residential real estate 1.5%, and auction real estate is 3. Personal income tax shall be exempted for individuals who have transferred their personal use for more than 2 years and are the only residence in the family.
There are two situations in which individuals can enjoy preferential personal income tax policies when selling their own houses:
1, personal income tax shall be exempted for the income obtained from personal transfer of the house that has been used for personal use for more than 5 years and is the only living room for the family;
2. For taxpayers who sell their own houses and plan to re-purchase houses at the market price within 1 year after the sale of their existing houses, the personal income tax payable for the sale of their existing houses may be exempted in whole or in part, depending on the value of their re-purchase.
The specific measures are as follows:
1, the individual income tax payable by individuals selling their existing houses shall be paid to the local competent tax authorities in the form of tax deposit before the property right transfer formalities. When collecting the tax deposit, the tax authorities shall formally issue a "receipt of the tax deposit of the People's Republic of China" to the taxpayer and include it in the special production storage.
2. If an individual buys a house again within 1 year after selling his existing house, the tax deposit shall be refunded accordingly according to the purchase amount. If the purchase amount is greater than or equal to the original housing sales (if the original housing is purchased public housing, the original housing sales should be deducted from the income that has been paid to the finance or the original property right unit in accordance with the regulations, the same below), all the tax deposit will be refunded; If the purchase amount is less than the original housing sales, the tax deposit will be refunded according to the proportion of the purchase amount to the original housing sales, and the balance will be paid into the state treasury as personal income tax.
3. If an individual does not buy a house again within 1 year after selling his existing house, all the tax deposit paid will be paid into the state treasury as personal income tax.
4. When applying for refund of the tax deposit, an individual shall provide the competent tax authorities with legal and effective sales and purchase contracts and other relevant supporting materials required by the competent tax authorities, and go through the formalities for refund of the tax deposit only after being examined and confirmed by the competent tax authorities.
5. Individuals who sell or purchase houses across administrative regions and meet the conditions for refunding the tax deposit shall apply to the competent tax authorities where the tax deposit is paid.
How to collect personal income tax for second-hand houses? How much personal income tax should be paid when buying and selling second-hand houses should be paid according to law. If it is not paid according to law, it will affect your rights and interests.