If the villa is traded less than five years after purchase, after deducting the purchase price from the house sales income, the difference tax will be paid at 5% of the difference, and personal income tax will be paid when the house is sold. The fee shall be paid according to 20% of the balance after deducting the purchase price and reasonable expenses from the sales income of the house.
Extended data:
Detailed Rules for the Implementation of the Provisional Regulations on Deed Tax in People's Republic of China (PRC)
Article 1 These Detailed Rules are formulated in accordance with the Provisional Regulations of People's Republic of China (PRC) Municipality on Deed Tax (hereinafter referred to as the Regulations).
Article 2 The term "ownership of land and houses" as mentioned in the Regulations refers to the right to use land and the ownership of houses.
Article 3 The term "off-take" as mentioned in the Regulations refers to the act of obtaining the ownership of land and houses by means of transferee, purchase, gift and exchange.
Article 4 The units mentioned in these Regulations refer to enterprises, institutions, state organs, military units, social organizations and other organizations.
"Individuals" as mentioned in the Regulations refer to self-employed persons and other individuals.
Article 5 The term "assignment of the right to use state-owned land" as mentioned in the Regulations refers to the act that the land user pays the transfer fee to the state, and the state assigns the right to use state-owned land to the land user within a certain period of time.
Article 6 The term "transfer of land use right" as mentioned in these Regulations refers to the act of land users transferring the land use right to other units and individuals through sale, gift, exchange or other means.
The transfer of land use rights as mentioned in the regulations refers to the behavior of land users to obtain monetary, physical, intangible assets or other economic benefits on the basis of land use rights.
The term "land use right gift" as mentioned in the regulations refers to the act of land users transferring their land use right to the donee free of charge.
The exchange of land use rights mentioned in the regulations refers to the exchange of land use rights between land users.
Article 7 The term "buying and selling of houses" as mentioned in the Regulations refers to the act that the owner of the house sells the house and the donee delivers money, physical objects, intangible assets or other economic benefits.
The term "house donation" as mentioned in the regulations refers to the act of the owner of the house transferring his house to the donee free of charge.
Housing exchange as mentioned in the regulations refers to the housing exchange between housing owners.
Eighth transfer of land and housing ownership in the following ways, as the transfer of land use rights, housing sales or housing donation tax:
(a) the ownership of land and houses is used for investment and shareholding;
(2) Paying off debts with the ownership of land and houses;
(3) Strive for the ownership of land and houses;
(four) to assume the ownership of land and housing in the form of pre-purchase or pre-payment of housing funds.
Baidu Encyclopedia-Detailed Rules for Provisional Regulations on Deed Tax in People's Republic of China (PRC)