Property tax:
Property tax is usually an annual tax on real estate owned by property owners. It is a kind of property tax, which is levied according to the value of the property. Property tax needs to be paid regularly (for example, every year), and its purpose is to tax the value of the property held by the property owner.
Property deed tax:
Real estate deed tax is a one-time tax levied according to the transaction price of real estate in the process of real estate sales. It is the tax payable by both parties in real estate transactions, gifts, exchanges and other transfer behaviors. Usually, the deed tax is paid by the buyer when the transaction is completed.
The main difference between the two is that:
1.** Taxee * *: Property tax is aimed at the holding of real estate, while real estate deed tax is aimed at the transaction of real estate.
2.** Time and frequency of tax collection * *: Property tax needs to be paid regularly, usually once a year; The deed tax on real estate is one-off, and it is only paid at the time of real estate transaction.
3.** Tax rate and calculation method * *: The tax rate and calculation method of property tax and deed tax are usually different. Property tax is often levied according to a certain proportion of the property value, while deed tax is usually calculated according to a certain proportion of the transaction amount.
4.** Legal provisions * *: The two are subject to different legal provisions, and the specific tax rate and collection rules may be different in different places.
If more detailed information is needed, it is recommended to consult the local tax authorities or professional tax consultants to obtain the most accurate and up-to-date tax information.
I hope the above content can help you. Please consult a professional lawyer if you have any other questions.
Legal basis:
Article 1 of the Provisional Regulations on Deed Tax
Units and individuals that transfer the ownership of land and houses in People's Republic of China (PRC) and bear the deed tax shall pay the deed tax in accordance with the provisions of these Regulations.
Article 3 of the Provisional Regulations on Property Tax
The property tax is calculated and paid according to the residual value after deducting 10% to 30% from the original value of the property. The specific scope of relief shall be stipulated by the people's governments of provinces, autonomous regions and municipalities directly under the Central Government. If there is no original value of real estate as the basis, it shall be verified by the tax authorities where the real estate is located with reference to similar real estate. If the real estate is leased, the rental income of the real estate shall be the tax basis of the property tax.