What taxes and fees do I need to pay for buying a house?

There are six main taxes and fees to be paid for buying a house: deed tax, stamp duty, housing maintenance fund, property management fee, handling fees and expenses arising from mortgage.

1. Deed tax: Deed tax is a one-time tax levied on the property owner according to a certain proportion of the house price when the house rights are changed. It is a special tax levied on the change of real estate property rights. Deed tax charging standard: deed tax for the first suite below 90 square meters 1%, deed tax for the first suite above 90 square meters1.5%; Deed tax for the second suite below 90 square meters 1%, and deed tax for the second suite above 90 square meters is 2%; Family three suites and above do not look at the area, and the deed tax is 3%. (The above deed tax rate applies to most cities in China, but not to Beishangguangshen and Changsha for the time being).

2. Stamp duty: Stamp duty is a kind of tax levied on the act of signing books and obtaining legally effective certificates in economic activities and economic exchanges. Pay 0.05% of the total house price.

3. Housing maintenance fund: including housing public facilities special fund and housing maintenance fund. Pay 2-3% of the total house price, 2% in most places.

4. Property management fee: calculated from the date of receipt of the house and the date of acceptance of the house by the purchaser. If the developer issues a notice of occupancy and the purchaser fails to recover the building without justifiable reasons, the property management fee can be calculated from one month after the notice of occupancy is issued. Usually three months in advance.

5. Cost: Property registration fee: 80 for living and 550 for non-living; Stamp duty on warrants: 5/ copy; Cost: 10/ copy.

6. In the case of mortgage loans, the following expenses will also occur:

1. Appraisal fee: 0.2-0.5% of the total purchase price.

2. Insurance premium: property insurance premium = total house price × annual rate × service life coefficient, and the insurance premium shall be paid in one lump sum.

Legal basis:

Detailed rules for the implementation of the provisional regulations on deed tax

Article 3: The deed tax rate is 3-5%. The applicable tax rate of deed tax shall be determined by the people's governments of provinces, autonomous regions and municipalities directly under the Central Government within the range specified in the preceding paragraph, according to the actual situation in the region, and reported to the Ministry of Finance of People's Republic of China (PRC) and State Taxation Administration of The People's Republic of China for the record.

Detailed rules for the implementation of the provisional regulations on deed tax

Article 5 The taxable amount of deed tax shall be calculated and collected according to the tax rate stipulated in Article 3 and the tax basis stipulated in Article 4 of these Regulations. Calculation formula of tax payable: tax payable = tax basis × tax rate. The tax payable is calculated in RMB. If the transfer of ownership of land and house is settled in foreign exchange, it shall be calculated by converting the central parity of RMB market exchange rate published by the People's Bank of China on the date when the tax obligation occurs into RMB.