Beijing raised the minimum tax second-hand housing transaction price

2006 released in Beijing second-hand housing in parts of the lowest tax price

newspaper (Reporter hp) Beijing raised the minimum tax second-hand housing transaction price, this raised from early high boots, and finally landed yesterday. Municipal Finance Bureau, Local Taxation Bureau, Municipal Construction Committee yesterday jointly issued “on the strengthening of tax collection work 存量房交易 notice” (“the Notice”). Rent and other departments in accordance with Beijing’s latest real estate transaction prices to determine the new taxable value, but did not open. But by the second-hand housing transaction prices for both parties to declare, and then reviewed by the local tax department, reporting significantly lower price, then price in accordance with the approved tax tax.

determined by the assessed value of new tax price

“notice” display, the Municipal Finance Bureau, Local Taxation Bureau and the Municipal Construction Committee, Beijing’s latest reference real estate transaction prices, and considering the type of housing, built in’s, floors and other factors, to determine the Beijing comprehensive regional assessment of second-hand housing transaction price value.

second-hand housing transactions between the two sides signed an online second-hand housing contract for the sale and to accurately report the housing transaction price, after accepting the tax department for the taxpayer to declare second-hand housing transaction price in line with the assessed value, according to the price reporting tax; significantly lower price for return and unjustified, according to the price approved tax levy taxes; justified, according to the declared value tax.

According to reports, approved tax price of second-hand housing transaction price will be based on the assessed value to determine. This means that the assessed value of second-hand housing transaction price will be the taxable value of the tax authorities as the main basis in order to determine whether to declare the contract transaction price low. However, the local tax department has not announced the price of second-hand housing transactions approved by the assessed value and taxable value.

price of 5 years with no minimum tax adjustment

It is understood that Beijing is currently the lowest tax second-hand housing transaction prices, using the published 2006 version, but has experienced in recent years, housing prices, the lowest tax price and a great gap between the actual transaction price, some second-hand housing transactions using the “yin and yang contract” illegal ways to cheat at a lower price, to tax avoidance purposes.

three departments, said the new policy into effect 10 days from next month, and still has a certain adaptation period of policy transition. Second-hand housing transaction will be parties for sale (online) signed on the time. That is all in after December 10, signed by the Municipal Construction Committee Network Systems signed a contract of second-hand housing transactions, in accordance with the new policy implementation.

■ Interpretation

tax price is too low lead to “yin and yang contract”

the current implementation of Beijing The minimum tax price, the highest regional price is Donghuamen regions, only 9621 yuan/square meter; built outside the region of 7725 yuan/square meter; Zhongguancun area is 7549 yuan/square meter. Even high-end special items second-hand housing transaction price of the minimum tax, the highest per square meter project, only 10,000 yuan. This is a huge gap between Beijing current prices.

“yin and yang contract” has become a well-known second-hand housing transactions in secret. Li Wenjie, general manager of North Central Plains real estate described, the so-called second-hand “yin and yang contract” that the parties entered into two contracts, one internal, the price is real; another externally, is to carry out tax returns, is a “low price contracts, “to” tax avoidance. ” October 2009, the CBRC promulgated bank loan assessment must refer to the living network contract of the relevant provisions of the Construction Committee, the “yin and yang contract” restraint. But if the full amount of second-hand housing transaction, buyers and sellers can use the “yin and yang contract” to avoid tax.

Li Wenjie that the Beijing according to the latest second-hand housing transaction price to determine the assessed value, the minimum tax price will be significantly improved, and the local tax department does not publish minimum tax price, which will contain the maximum “yin and yang contract” generation.

However, “Diaorenweikou” minimum tax price may be tried several times, it can work out some of the initial law. And even if the price of the lowest tax increase will be lower than the market price, thus completely eliminate the “yin and yang contract”, the lowest tax price increase alone can not be achieved.

■ impact

Deal favorable overall prices down

chain Chien, vice president of real estate that the two policies also introduced, showing the adjustment of the basic attitude of the government is close to market conditions, to protect primary home buyers, real estate buying and selling high class person with high taxes.

chain Chien, vice president of real estate that, first, the lowest tax price increase, effective to fill the old tax loophole to ensure that the price of real estate transaction transparency. Second, grassroots, buyers just need to raise prices because the minimum tax due to transaction costs, will offset the changes brought by Standard & Poor’s residential tax benefits, the majority or even offset, the net purchasing power will increase. Third, the high for luxury villas and other real estate transactions, taxation efforts to enhance, to face the lowest tax price increase by the amount of the high tax burden, but also be excluded from the new house standard general scope of the tax breaks , but is also consistent with the current restrictions on investment under the control of the “real estate” direction, is conducive to the stability of the overall price down Beijing.

Beijing Zhongyuan market research analysis is that the adjustment of the part of the transaction may increase taxes more than 50%.

According to the research department, at present Beijing second-hand housing transactions, most of the trading volume of tax avoidance is not large, especially loans to customers. Existing tax avoidance transaction is part of the full amount of the main customers. This part of the accounting for about 40%, to pay taxes in accordance with the minimum tax standard, the standard is expected to change after this part of the tax buyers may need more than 50%. Most just need to rely on loans to buy, now, little direct impact on changing the tax standard.

■ Focus

why not publish the assessed value and tax value?

local tax authorities have not released the second-hand housing transaction price and the assessed value of the approved tax price.

said Li Wenjie, Shenzhen City, this form is similar to the current implementation approach. Announced that the tax authorities do not tax the price, but let buyers and sellers to declare themselves. “Even adjusted, the new tax would surely be the actual transaction price is low, announced a new standard, let people have a reference to a loophole, according to tax returns the lowest price. Not released, then do not know how to report yin and yang of the contract price. “

However, according to yesterday’s” notice “, the price significantly lower for the reporting and unwarranted, according to the approved tax taxable value. It will appear higher than the approved tax price of the actual transaction. In this regard, local tax authorities did not give the implementation details.

said Li Wenjie, in Shenzhen, is not taken for the way. That is, if the declared value is significantly less than the minimum tax price, the tax authorities shall not apply to housing will not transfer.

What is the impact on housing values ??justified?

under the “notice”, second-hand housing transaction price is significantly lower for the reporting and unwarranted, according to the price of the approved tax levy taxes; justified, according to the declared value charge the tax.

What is “reasonable grounds”? Three departments that justification is the objective, the actual value of the factors that affect housing, such as housing, environment, quality factors. Under the new tax measures approved in the price, has been considered floor, housing type, building age and other factors that significantly affect the value of the house.

said Li Wenjie, such as housing quality problems occurred before, or has damage repair, etc., housing values ??will certainly be lower. In addition, some extreme cases, such as the house, there have been unexpected deaths, but also make housing discount.

some experts said, the tax department should publish detailed standards for legitimate reasons, or only a broad “reasonable grounds” to determine the tax price of housing, there may be room for rent-seeking.

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