Individuals purchasing residential properties (including commercial housing, affordable housing, economic适用housing, etc.) need to pay deed tax and stamp duty.
(1) Deed Tax
Individuals purchasing a residence should complete the tax declaration at the deed tax collection department of the property's location within 10 days from the date of signing the contract, and pay the tax within the period specified by the deed tax collection department. The deed tax amount is calculated based on the transaction price of the housing. The calculation formula is:
Deed tax payable = Housing transaction price × Applicable tax rate
Wherein, the transaction price of the housing...