1. How to calculate individual income tax on housing?
1, deed tax, business tax
Generally, it is 1% of the house price (for the first suite, the area is less than 90 square meters 1%, the area is more than 90 square meters 144 square meters/0.5%, and the area is more than 4%); If the real estate license is less than 2 years, it will be paid at 5.5%, and if the real estate license is over 2 years, it will be exempted from business tax.
2. Personal income tax and business tax
Personal income tax, 1% (the only house can be exempted if the real estate license is over 5 years); Business tax: 3 yuan/square meter (but generally the buyer needs to pay the transaction fee of both parties, that is, 6 yuan per square meter).
3. Surveying and mapping fees, ownership registration fees and evidence collection fees.
According to the specific provisions of each district; Ownership registration fee and evidence collection fee: Generally speaking, it is around 200 yuan. The tax base of the second-hand house is based on the house appraisal price, and the first suite is based on whether the seller is the first suite. After 5 years, but the buyer is not the first suite, personal income tax 1% has to be paid.
Two. Individual income tax regulations
According to the Individual Income Tax Law of People's Republic of China (PRC), the Implementation Regulations of the Individual Income Tax Law of the People's Republic of China and related documents, the individual income tax reduction and exemption policies mainly include:
(1) Bonuses in science, education, technology, culture, health, sports and environmental protection awarded by provincial people's governments, ministries and commissions in the State Council, units of China People's Liberation Army at or above the corps level, and foreign and international organizations are exempt from individual income tax.
(2) People's governments at or above the township level, or courageous foundations or similar organizations with institutions and articles of association established with the approval of the competent departments of people's governments at or above the county level, shall be exempted from personal income tax with the approval of the competent tax authorities.
(3) Interest on bonds issued by the Ministry of Finance and financial bonds issued with the approval of the State Council shall be exempted from individual income tax.