20 15 how to pay taxes on the donation and resale of real estate?
The taxes and fees to be paid for the "gift" of real estate include deed tax, notary fee and registration fee, the most important of which is deed tax, which is 3% of the appraised house price, generally 3% of the market price. If the real estate license is sold five years later and it is the only house, it can be exempted from business tax and personal income tax, and only need to pay a small handling fee. If you sell your house less than five years after donation, or own multiple houses at this time, you will pay personal income tax according to the current operation mode, that is, 20% of the transfer income will be collected after deducting reasonable expenses, and 5.5% of the transfer income will be paid at the same time. Is it necessary to pay the business tax of 5% for the only house sold for 5 years? It is the difference of 5% between the price my father bought and the price I sell now. I hope it helps you. For more real estate financing questions, please search Bauhinia Huitong Shang Hui official website for reference.