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