Wuhan second-hand house transaction tax

To buy a second-hand house, in addition to the house price, you need to consider the transaction tax. So in Wuhan, what are the taxes and fees for second-hand housing transactions? Let's answer in detail below.

I deed tax

Deed tax refers to the taxes and fees that the buyer needs to pay to the state in the second-hand housing transaction. In Wuhan, the deed tax rate is 1.5%. The specific calculation formula is:

Deed tax = house transaction price × 1.5%

It should be noted that if the buyer is buying a house for the first time, and the purchase area does not exceed 90 square meters, then the deed tax can be exempted.

Second, personal income tax.

In the second-hand housing transaction, the seller needs to pay personal income tax. The specific calculation formula is:

Individual income tax = (transaction price of the house-original value of the house at the time of purchase-various taxes at the time of purchase-200,000 yuan tax exemption) ×20%

It should be noted that if the seller has lived in the house for 5 years and the selling price does not exceed 50,000 yuan/square meter, then the individual income tax can be exempted.

Third, the property fee.

Buying a second-hand house also needs to consider the issue of property fees. Property fee refers to the maintenance, cleaning, greening and other expenses of public facilities and equipment in the community. In Wuhan, the charging standards of property fees vary from district to district.

Fourth, agency fees.

If you buy a second-hand house through an intermediary company, you need to consider the agency fee. Agency fees are generally charged at 1%-2% of the house transaction price. It should be noted that the agency fee is shared by the buyer and the seller.

Verb (abbreviation for verb) Other expenses

Buying a second-hand house needs to consider other expenses, such as transfer fees, appraisal fee and notarization fee. The specific amount of these expenses varies from region to region and needs to be calculated according to the actual situation.

Operation steps of intransitive verbs

When buying a second-hand house, you need to do the following steps:

Choose your favorite second-hand house and negotiate with the seller.

Sign the house sales contract and pay the down payment.

Handle housing appraisal, notarization and other procedures.

Pay taxes such as deed tax, personal income tax and property fee.

Go through the formalities of house transfer.

Pay the house price and get the house property certificate.