1, personal income tax
Ordinary residence: total price * 1% or (total price-cost) *20%.
Donation or inheritance income can only be levied at (total price-original purchase cost) *20%;
Have lived for 5 years and are the only living room in the family.
2. VAT
The VAT rate is 5.6%.
Ordinary residence: total price *5.6%
144 square meters or less (120 or less), if the house is purchased for less than 2 years, the value-added tax will be levied in full, and it will be exempted after 2 years.
If the purchase of 144 square meters or more (suite 120) is less than 2 years, the value-added tax will be levied in full; if it is more than 2 years, it will be levied according to the difference between its sales income and the purchase price of the house.
Inheritance step
Handling the procedures of real estate inheritance must go through the procedures of housing evaluation, inheritance notarization and application for real estate registration. After the death of the owner of the house who has obtained the house ownership certificate, his legal successor may apply for the registration of house inheritance. The general steps are as follows:
1. Housing evaluation: First of all, the market value of a house must be evaluated by an evaluation company. The appraisal company will conduct professional price analysis and property price appraisal according to the important factors such as the road section, sitting direction, floor and age of the house, so as to determine the accurate property market price.
2. Inheritance notarization: the applicant shall go to the notary office where the house is located to handle the inheritance notarization and receive the certificate of inheritance. When handling notarization, you must provide the death certificate of the owner of the house, the list of legal heirs issued by the legal authority, and the will (if any) made by the original owner of the house, and submit the original will at the same time. If some legal heirs voluntarily give up their inheritance rights, they must issue a letter of commitment to give up their property.
3. Housing Surveying and Mapping: Applicants must go to the real estate surveying and mapping department to go through the formalities of surveying and mapping the housing area or drawing, and receive the surveying and mapping results or drawings before they can go through the formalities of property right registration.
4. Inheritance registration: the applicant applies for inheritance registration at the real estate trading center with real estate title certificate, inheritance notarial certificate, house mapping and other certificates. After filling in the application for registration of real estate property rights and submitting the above information, the case-handling personnel will accept it and issue a receipt. After all the materials are reviewed, the changed owner's real estate license will be issued.
5. Other materials that need to be submitted: If the matters related to the ownership of the house are judged, ruled or mediated by the court, the court judgment, ruling or mediation shall be submitted. After field surveying and mapping, it is found that the house has been rebuilt or illegally built, and it must be reported to the planning department for approval or decision.
To sum up, it is Bian Xiao's relevant answer about what tax to pay for selling a house after inheritance, hoping to help you.
legal ground
Individual Income Tax Law of the People's Republic of China
Article 3 The tax rate of individual income tax:
(1) For comprehensive income, the excess progressive tax rate of 3% to 45% is applicable (the tax rate table is attached);
(2) For operating income, the excess progressive tax rate of 5% to 35% shall apply (the tax rate table is attached);
(3) Income from interest, dividends and bonuses, income from property leasing, income from property transfer and accidental income shall be subject to the proportional tax rate of 20%.
Article 4 The following incomes shall be exempted from individual income tax:
(a) science, education, technology, culture, health, sports, environmental protection and other aspects of the bonus. Awarded by the provincial people's government, the State Council ministries and commissions, China People's Liberation Army units at or above the military level, foreign organizations and international organizations;
(2) Interest on government bonds and financial bonds issued by the state;
(3) Subsidies and allowances issued in accordance with the unified provisions of the state;
(four) welfare funds, pensions and relief funds;
(5) Insurance compensation.
(6) Demobilized soldiers, demobilization fees and pensions;
(7) Resettlement fees, resignation fees, basic pension or retirement fees, resignation fees and retirement living allowances paid to cadres and workers in accordance with the unified provisions of the state;
(8) Income from diplomatic representatives, consular officials and other personnel of embassies and consulates in China who should be exempted from tax according to relevant laws;
(9) Income exempted from tax as stipulated in international conventions and agreements signed by the Government of China;
(ten) other tax-free income stipulated by the State Council.
The tax exemption provisions in Item 10 of the preceding paragraph shall be reported by the State Council to the NPC Standing Committee for the record.