1. When can I enjoy the tax refund policy?
During the period from 2022 1 October 1 day to 2023 1 February 31day, taxpayers who sell their own houses and buy houses in the market again within1year after the sale of their existing houses will be refunded their personal income tax.
2. How is the taxpayer's tax refund calculated?
If the newly purchased housing amount is greater than or equal to the current housing transfer amount, the tax refund amount = personal income tax paid when the current housing is transferred; If the amount of newly purchased housing is less than the current housing transfer amount, the tax refund amount = (the amount of newly purchased housing ÷ the current housing transfer amount) × the personal income tax paid when the current housing is transferred. It should be noted that the original housing transfer amount and the newly purchased housing amount do not include VAT.
Third, how to determine the time to sell or buy a house again?
The time to sell the existing house is based on the time when the taxpayer pays the personal income tax when selling the house; If the newly purchased house is a second-hand house, the tax payment time of deed tax or the registration time specified in the property right certificate shall prevail; If the newly purchased housing is a new house, the time for filing the housing transaction contract in the housing and urban-rural construction department shall prevail.
4. Where do taxpayers apply for tax refund?
Taxpayers shall apply to the competent tax authorities for collecting individual income tax from the transfer of existing houses.
5. What information should be provided for tax refund?
Taxpayers are required to fill in the Application Form for Individual Income Tax Refund for Residents' Redemption of Housing and provide the following information:
Identity documents;
Housing transaction contract for existing housing;
Housing transaction contract, certificate of immovable property right and its copy of newly purchased housing as second-hand housing;
The newly purchased house is a new house, and the house transaction contract and its copy submitted to the housing construction department for filing (online signing).
Six, enjoy the tax rebate policy after the termination of the transaction contract how to deal with?
The taxpayer shall voluntarily return the tax refund to the competent tax authorities within 15 days of the month following the termination, cancellation or invalidation of the contract. If the taxpayer fails to return the tax refund within the time limit, the tax authorities will impose a late fee according to law.
Content source: Sanmenxia Taxation Bureau, State Taxation Administration of The People's Republic of China, published by Deep Space Network.