How to pay taxes on commercial housing in Suzhou
In recent years, as one of the core cities in the Yangtze River Delta Economic Circle, Suzhou's commercial and housing market has attracted much attention. Whether you are an investor or an owner-occupier, you need to understand the tax policies for commercial and residential properties. This article will introduce in detail the tax calculation method, payment process and related policies for commercial and residential properties in Suzhou to help you better plan your finances.
1. Main types of taxes and fees for commercial and residential properties in Suzhou
There are big differences in taxes and fees between commercial housing and ordinary residences, which mainly include the following:
| Types of taxes and fees | Tax rate/standard | Payer |
|---|---|---|
| Deed tax | 3%-5% | buyer |
| value added tax | 5.6% (exempt for 2 years) | seller |
| personal income tax | 20% of the difference or 1% of the total amount | seller |
| land value added tax | 30%-60% (depending on the value-added amount) | seller |
| stamp duty | 0.05% | buyers and sellers |
2. Suzhou commercial and housing tax calculation example
Assuming that a Suzhou commercial house with a total price of 2 million yuan is purchased, the taxes and fees that the buyer and seller need to pay are as follows:
| Project | Buyer taxes | seller tax |
|---|---|---|
| Deed tax (3%) | 60,000 yuan | - |
| VAT (5.6%) | - | 112,000 yuan |
| Personal income tax (1%) | - | 20,000 yuan |
| Stamp duty (0.05%) | 1,000 yuan | 1,000 yuan |
| total | 61,000 yuan | 133,000 yuan |
3. Suzhou commercial and residential tax payment process
1.Sign a contract: The buyer and seller sign a formal house sales contract, clarifying the transaction price and tax sharing method.
2.Appraisal of property: In some cases, the property value needs to be assessed by a professional agency as a basis for tax calculation.
3.Prepare materials: Including ID card, real estate certificate, sales contract, appraisal report, etc.
4.declare tax: Go to the local tax bureau in Suzhou to fill in the declaration form and submit relevant materials.
5.pay taxes: Pay tax through bank or online channels according to the amount approved by the tax bureau.
6.Handle transfer of ownership: After paying the tax, go to the real estate registration center with the tax payment certificate to go through the property transfer procedures.
4. Suzhou’s preferential tax policies for commercial and residential properties
1.VAT relief: The transfer of commercial and residential properties purchased more than 2 years ago is exempt from VAT.
2.Personal income tax benefits: For commercial and residential properties that are "the only one in five years", personal income tax can be reduced or reduced in some areas.
3.Discounts for small and micro enterprises: Enterprises that purchase residential properties for business operations may enjoy partial tax exemptions.
5. Things to note
1. Utility bills for commercial buildings are usually charged according to commercial standards, which are higher than those for ordinary residences.
2. The loan policy for commercial housing is different from that for residential housing, and the down payment ratio is usually higher.
3. There may be purchase restriction policies for commercial and residential properties in some areas. You need to understand the local policies before purchasing.
4. Tax policies may change with policy adjustments. It is recommended to consult professional institutions before trading.
Through the above content, I believe you have a clearer understanding of Suzhou’s tax policies for commercial housing. During the actual transaction process, it is recommended to consult a professional tax accountant or real estate agent to ensure tax compliance and avoid unnecessary disputes.
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