What taxes do I have to pay to buy a house in the UK? How to avoid taxes reasonably when buying a house in the UK?

What taxes do I have to pay to buy a house in the UK? 1 purchase link: stamp duty,

2. Ownership: individual tax, ATED, enterprise value-added tax, municipal engineering tax,

3. Extraction link: asset enterprise income tax, house inheritance tax,

stamp tax

When buying a property in the UK and concluding a transaction, you must pay stamp duty to the Inland Revenue Department, so that the transaction can finally be recognized by the government department. This tax is the stamp duty listed by the buyer's lawyer in the house details before the house is handed over. Within 30 days after the transaction, the buyer's teacher will refer the buyer to pay taxes to the British Land Registry and record the property rights.

From April of 1, 20 16, the British government imposed an additional 3% stamp duty on the buyers who bought the second house or investment house. This additional stamp duty should be increased by 3% on the basis of the current basic tax rate for house purchase. So far, this current policy is fair, just and equal, which applies to local British buyers and all foreign buyers.

It must be noted that the second house here refers to the second house in the world. The basic information of British local buyers is clear, and foreign buyers implement their own declaration system. Here, Miss Mi reminds me that the tax rate is only 3% higher. Instead of not applying and letting the British Inland Revenue Department check it later, it is better to try to get more discounts and be realistic. In the face of taxation, everyone has the same responsibility.

2017165438+1From October 22nd, if the price of residential property does not exceed 300,000 pounds, the British government will exempt each stamp duty. If the price is between 300,000 and 500,000 pounds, stamp duty will be exempted for 300,000 pounds and 5% for 300,000-500,000 pounds. It is worth noting that if the transaction price exceeds 500,000 pounds, there will be no reduction, and the stamp duty on land resources will be paid at the normal tax rate.

Latest news: The British government will levy an additional 3% stamp duty on overseas buyers from now on.

Before the British presidential election held at the end of 20 19, Boris Johnson, leader of the Conservative Party, stated that if the Conservative Party won the presidential election, it would increase the stamp duty on foreigners buying real estate in Britain by 3% to reduce the overheated real estate industry. At the end of the article (the end of 20 19), this campaign service promise has not been fulfilled, but the current policy situation is constantly changing. It is recommended that buyers seize the opportunity and start immediately.

individual income tax

Individual tax refers to the owner's investment lease, and after the end of each fiscal year, he pays taxes to the tax bureau according to the self-assessment application. It is worth noting that there are some costs that can offset the annual income, including equity financing costs, maintenance costs, furniture purchase costs, expenses during the period of renting intermediary companies, and some technical professional fees. It is recommended that you keep the payment receipts of various fees so that your registered tax agent can file your tax returns on time.

How to avoid taxes reasonably when buying a house in the UK? Project investment British ISA

ISA is a literal expression, but it is actually a personal savings account. There are two kinds of ISA keys in the British market: cash ISA and stock ISA. Share a.

CashISA

This is similar to a general savings account, except that cash ISA must be deposited on time every month, and the interest generated is tax-free. However, the interest rate of this account is relatively low. Generally speaking, the current deposit is only 1.05%, which is less than 2% if it is fixed for five years. Even if the annual interest rate is not too high, it attracts a large number of people. It is generally believed that cash accounts are less risky.

Relevant persons explained the reasons: although the annual interest rate is relatively low and the inflation rate is relatively high, it is not cost-effective to put money into the cash ISA account, but many people still use the cash ISA as a part of long-term deposits to prepare for the future use with pension insurance. There are also some investors who feel that they can better grasp the opportunity and buy at a lower price when they have to invest cash.

Stocks and futures. SharesISA

Although personal ISA is a bit risky, it is an account that can really give full play to the advantages of tax exemption policy. Personal ISA's project investment scope goes far beyond individual stocks. Any open-end fund, investment and wealth management, and debt can be invested in projects. Moreover, the income generated by personal ISA can be exempted from extremely high capital tax, profit tax and enterprise income tax.

In fiscal year 20 16-20 17, what is the tax exemption policy amount for each adult ISA this year? 15,240, and in the fiscal year 20 17-20 18, this credit line will rise to? 20,000! That is to say, after April 6, 2007, 2065438, the total amount in cash ISA or personal ISA cannot exceed? 20,000。 The increase in the amount can also be seen that the specific policy is to call on everyone to invest money in ISA.

In this way, for example, a family of three, couples can have it every year? There are 40 thousand dollars in ISA account. Even JuniorISA with 18 or above has a credit line. 4,080。 In other words, a family of three can make an appointment a year? 44080 tax standard.