Do I have to pay property tax for the first suite in Hong Kong? How much tax do I have to pay?

Most of the impressions left by Hong Kong to the mainland people come from the publicity brought by Hong Kong stars, including pictures in some TV dramas. At the same time, Hong Kong is also a relatively open city. However, due to its small size, Hong Kong has been restricted, and housing has actually become a big problem. So, is the first suite in Hong Kong subject to property tax? How much tax does it cost to buy the first house in Hong Kong? Let me introduce you. Most of the impressions left by Hong Kong to the mainland people come from the publicity brought by Hong Kong stars, including pictures in some TV dramas. At the same time, Hong Kong is also a relatively open city. However, due to its small size, Hong Kong has been restricted, and housing has actually become a big problem. So, is the first suite in Hong Kong subject to property tax? How much tax does it cost to buy the first house in Hong Kong? Let me introduce you.

Do I have to pay property tax for the first suite in Hong Kong?

In Hong Kong, corresponding to the property tax referred to in the Mainland, Hong Kong is called "rates".

Property in Hong Kong can be roughly divided into two types, one is private property and the other is public housing provided by the government, and about 50% of the people in Hong Kong live in public housing. However, no matter what kind of property mentioned above, rates are required.

Different from the property tax being discussed in the mainland, the assessment of rates widely discussed in the mainland is based on the overall valuation of the properties held. However, the "rates" in Hong Kong are based on the "rent" valuation, that is, it is assumed that the property can be let out during the valuation period. As for the collection and valuation of rates, there is a special department in Hong Kong, that is, the Rating and Valuation Department.

According to the market price of similar properties in the same district during the evaluation period, the department will adjust the rent according to factors such as the area, location, facilities, completion quality and management level of the property. Then multiply the rent by the rates charge rate to calculate the tax payable. For example, the rate of 20 10-20 1 1 is 5%.

How much tax does it cost to buy the first house in Hong Kong?

The standard is the same as that of mainlanders. The taxes and fees paid when purchasing the first suite include the following aspects:

1. The deed tax rate of house purchase in Hong Kong: 1% for the first suite within 90 square meters,10.5% for 90 to/kloc-44, and 3% for the above.

2. Transaction costs of housing sales in Hong Kong: charged according to the quota. To purchase a commercial house with a construction area of less than 1.20 square meters, the purchaser only needs to pay the transaction fee according to 500 yuan; For the purchase of commercial housing with a building area of 12 1 to 5,000 square meters, a handling fee of 1500 yuan is required for each piece; If it is more than 500 1 square meter, you need to pay a transaction fee of 5000 yuan per piece.

3. Stamp duty on sales contracts in Hong Kong: 0.05% of the transaction price of the house.

4. Hong Kong Public Maintenance Fund: When buying a house, you need to pay 2% of the transaction price for public maintenance.

5. Property registration fee in Hong Kong: 0.3 yuan/m2 building. In which: 1) survey fee: 0. 12 yuan/building square meter; 2) House registration fee: 0. 18 yuan/building square meter.

6. Stamping and affixing tax on Hong Kong's house ownership certificate: it will be levied one by one when obtaining the house ownership certificate and the land use certificate.

When buying the first suite, it will not be exempted from the new property tax because it is the first suite. The specific tax to be paid for the first suite will be different according to the buyer's own situation. For details, please consult the Municipal Bureau with the self-application fee. Is this about paying property tax on the first suite in Hong Kong? How much tax does it cost to buy the first house in Hong Kong? I hope that through the above introduction, I can bring some help to everyone.