What about domestic assets after immigration?

For some immigrants, there are often some questions, that is, how to deal with domestic real estate after immigration? How to dispose of it safely? Some families have one family, two systems, husband and wife, a foreigner and a China person. How to deal with domestic assets in this case?

Next, Bian Xiao will separate a few points and tell you how to deal with domestic assets after emigrating!

First, the nature of China's assets when red passports are exchanged for blue passports.

After the passport is changed, the nature of the enterprise will not change because of the change of shareholders' immigration status. According to the provisions of the Ministry of Commerce on the merger and acquisition of domestic enterprises by foreign investors: Article 55 If the natural person shareholder of a domestic company changes his nationality, the nature of the company will remain unchanged, and the nature of holding and inheritance will remain unchanged.

Second, about the new investment after the identity change.

Based on the principle of source of capital contribution, China has a system of access and approval for foreign investment, which can be used for reference by the Table of Safety Review Industries and the Catalogue of Guiding Industries.

3. Property purchased and held in China after naturalization.

Overseas individuals can only buy 1 house for self-occupation in China. Overseas institutions that set up branches and representative offices in China can only purchase non-residential houses needed for office work in registered cities. The requirement of purchase is real-name purchase plus valid documents.

Overseas individuals holding real estate in China enjoy national treatment in property tax collection, and the tax rate refers to Document No.20093.

Four, after naturalization, contractual rights and interests in China (deposits, stocks and securities, commercial insurance, etc.). ).

After naturalization, the original contractual rights and interests in China (including deposits, stocks and bonds, commercial insurance, etc. ) enjoy national treatment and will not change because of the change of immigration status.

It should be noted that once the original Canadian passport is changed, all social insurance in China will be invalid. Because the China municipal government stipulates that social insurance is the right of China citizens, not China citizens, they naturally cannot enjoy social security rights.

Of course, the balance of social security account funds paid by individuals can be taken away, and the social security branch paid by the original unit will be turned over to the public.

Verb (abbreviation of verb) on inheritance and transfer of property

In terms of property inheritance, it means that the property is in China, according to the laws of China, and in Canada, according to the relevant laws of Canada.

The transfer of property is based on the legal principle of the location of the property. Regarding the property transfer tax, the method of withholding at source is adopted. Taxes on the transfer of immigrant assets within the territory of China shall be implemented in accordance with tax agreements between countries with contracting relations.

Non-residents of a country who obtain taxable income in that contracting state may reduce or exempt the income tax of 10%. The tax of non-residents in their country of residence is deducted from the amount withheld from the above sources.

About inheritance tax.

At present, there is no inheritance tax in China. In recent years, the China municipal government has been acting constantly. On April 1 day, 2000, the new regulations of real-name registration system on personal deposit accounts were promulgated and implemented, which made personal deposits transparent.

2065438+March 1 2005, the Provisional Regulations on the Registration of Real Estate was implemented, and the real estate under the name of individuals was transparent. Next, it is estimated that the issue of gift tax will be introduced. It is logical to levy inheritance tax next.

6. How to avoid tax reasonably and legally?

Commercial insurance and property gift can be said to be two more reliable ways.

Insurance-the function of insurance to avoid inheritance tax, because domestic insurance claims are exempt from income tax.

Gift-the gift between legal heirs is free, and the maintenance and maintenance obligors are also free.

Seven. April 2065438 Latest changes in Canadian tax returns.

For domestic annual income exceeding RMB 6,543,800+0.2 million, the Canadian Taxation Bureau will implement new requirements, requiring taxpayers to issue domestic tax bills.

Sally, manager of Toronto Maida Financial Group

Lin said that perhaps starting from 20 17, China-Canada relations will be closer, just like the United States and Canada now.

I believe professional accountants will tell you that if you have to truthfully declare every cent of American income, don't take any chances. The United States and Canada are contracting parties, and all information is transparent, so it is really impossible to hide it.

Eight, some tax and insurance knowledge in Canada

Like the China government, Canada has no inheritance tax, but Canada has a Final.

Tax (tail tax), which is actually a disguised inheritance tax.

Because of the cost of heritage certification and implementation, the final tax rate is about 50%.

The key issue is that once the death is confirmed, all assets are frozen, and the legal heirs must pay the final tax before they can dispose of the assets. If there is no money to pay the final tax, I'm sorry, these assets cannot be inherited.

After immigration, if you have assets in China, you must learn from Bian Xiao's arrangement and handle your assets well!