Is it better to inherit or transfer parents' property?

Parents inherit their property well, and inheritance is the most economical and quick way, because inheritance tax has not been levied in China, and inheritance and transfer only require notarization fees, and other property taxes are free. Because inheritance can only be realized when one parent dies, many parents don't consider it for the time being. Of course, some parents are far-sighted and intend to write a will and leave their property to their children.

Compared with buying and selling gifts, there is a real estate tax expenditure, because the inherited real estate has no business tax, individual tax and deed tax, and only needs to pay notary fees. Heirs can notarize the right of inheritance by will and transfer their names to the housing management department by the certificate of inheritance.

What is the process of property inheritance?

1, housing evaluation

When handling property inheritance, the real estate appraisal company will first evaluate the market value of the house. When evaluating a house, the evaluation company will conduct professional price analysis and property price evaluation according to the important factors such as the road section, sitting direction, floor and age of the house, so as to determine the accurate property market price.

2. Inheritance notarization

Then the property heir needs to go to the notary office where the house is located to handle the notarization of property inheritance and get the inheritance certificate. When handling notarization, the death certificate of the owner of the house, the list of legal heirs issued by the legal authority, and the will (if any) made by the original owner of the house shall be provided, and the original will shall be submitted at the same time. If some legal heirs voluntarily give up their inheritance rights, they must issue a letter of commitment to give up their property.

3, housing surveying and mapping

Applicants for property inheritance should apply to the real estate surveying and mapping department for housing area surveying and mapping or transfer painting procedures, and receive surveying and mapping results or drawings before going through property registration procedures.

4. Registration of succession

Then the applicant applies for inheritance registration in real estate transactions with certificates such as inheritance certificate, house surveying and mapping, and real estate warrants. After filling in the application for registration of real estate property rights and submitting the above information, the case-handling personnel will accept it and issue a receipt. After all the materials are reviewed, the changed owner's real estate license will be issued.

5. Other information required to be submitted.

In the process of real estate inheritance, if matters related to housing ownership are judged, ruled or mediated by the court, the court judgment, ruling or mediation must be submitted.