Hotline reply: In response to Mr. Zhou's question, our reporter consulted relevant legal persons. According to relevant laws and regulations, free gifts are given to spouses, parents, children, grandparents, grandchildren, grandchildren, brothers and sisters, etc. , temporarily exempt from VAT. At the same time, in terms of personal income tax, according to the relevant regulations: "The property owner gives the property to his spouse, parents, children, grandparents, grandparents, grandchildren, brothers and sisters free of charge, and neither party will levy personal income tax."
According to reports, if the gift is handled, the donor, that is, the brother, will not involve any taxes and fees. And the payee, that is, Mr. Zhou himself, only needs to pay the deed tax, and the deed tax payment standard is the same as that of individuals buying and selling second-hand houses. The way of business transactions will involve value-added tax, personal income tax, deed tax and other issues. Especially the personal income tax will be levied at 20%. Obviously, the taxes and fees generated by the transfer will be higher than the gift.
However, legal persons also reminded that personal income tax may be levied when houses acquired through gift or inheritance are traded again, and this factor should also be considered.
(The above answers were published on 20 17-05-09. Please refer to the current actual purchase policy. )
Click to view more real estate information.