Taxpayer: Fine, thank you.I bought a new house recently and I would like to know something about paying taxes on it.
Tax official: First,as the buyer,you should pay the contract tax， which is 3% 0f the transaction amount.
Taxpayer: When should I pay the tax?
Tax official: Within lO days after you singed the contract of purchasing house. The real estate administration will not allow you to register the house until you present the tax paid proof .
Taxpayer: Oh, I see.It is lucky for me to be here.
Taxofficial: Have you stick the stamp on the contract?
Taxpayer: I have no idea.
Taxofficial: As the exhibitor of the contract, you should pay the stamp tax at 0.05% of the total amount of transaction .
Taxpayer: What is the time requirement for the stamp tax declaration?
Tax official: Within first 1O days of every quarter. And as the owner of house, you should pay the urban estate tax at 1.2% of the original price of the house every year. As you are a foreigner, 30% of the tax can be reducted. By the way, is your house rent out or used for yourself?
Taxpayer: Are there any different tax treatments for them?
Tax official: There is no difference for the urban estate tax paid by the foreigner. However, if you lease out your house, you must pay business tax at 5% of the rent income.
Taxpayer: Should I pay personal income tax on rent income ?
Tax official: Yes , you should do. Finally, if you transfer your house to others within 3 years after buying the house, you should also pay land appreciation tax.
Taxpayer: Thank you very much .It seems that in the future I will contact with you frequently.
the contract tax 契税
tax paid proof 完税证明
urban estate tax 城市房地产税
rent out 出租
in the futrue 将来，以后
contact With 与……接触