Business tax and personal income tax can be exempted if the purchase of ordinary housing meets the two conditions of "full five" and "unique" at the same time, as specified below:
1, the real estate license is over 5 years, and it is the only house that does not need to pay personal income tax;
2. If the real estate license is more than 5 years, and it is not the only house, 20% of the profit from the real estate transaction or1%of the total house price shall be paid;
3. If the real estate license is less than 5 years old, 20% of the profit from the real estate transaction or 1% of the total house price shall be paid.
Extended data
House transaction tax
Seller:
1, stamp duty -0.05%,
2. Business tax -5.5% (ordinary housing purchased by individuals for less than 2 years),
3. Individual income tax (transfer income-original value of the house-taxes paid in the process of transferring the house-reasonable expenses) ×20%
Buyer:
1, deed tax-1.5% (ordinary houses enjoy the preferential tax rate of 1.5%, that is, the plot ratio of residential quarters is above 1.0 (inclusive), the single building area is below140m2, and the actual transaction price is lower than that of houses on the same level of land.
2. Stamp duty -0.05%