Hanzhong New House Purchase Policy 2022

New policies for house purchase: Adjust the interest rate of provident fund loans; encourage both renting and selling; new policies for residence certificates; subsidies for rural households to purchase houses; reform of the household registration system; preferential tax policies; and reduction of loan down payments. Hanzhong's new deed tax policy stipulates that the deed tax for first-time buyers of a house less than 90 square meters is 1.5, and the deed tax is 1.5 for more than 90 square meters. The prerequisites for buying a second house are: 1.5 deed tax for less than 90 square meters, 2 deed taxes for more than 90 square meters, and 3 yuan for a third house.

Personal income tax that is levied according to regulations on the sale of self-owned housing, if the original value of the house can be verified through tax collection, housing registration and other historical information, should be levied strictly on the basis of 20% of the transfer income in accordance with the law.

What are the requirements for foreigners to buy a house in Hanzhong?

1. Personal ID card,

2. Personal household register,

3. Personal marriage certificate (if unmarried, provide proof of unmarried status),

4. Proof of tax payment or social security paid continuously for one year or more.

Legal basis:

"Urban Real Estate Management Law of the People's Republic of China"

Article 2 in the Urban Planning of the People's Republic of China Anyone who obtains land use rights for real estate development land within the scope of district state-owned land, hereinafter referred to as state-owned land, engages in real estate development, real estate transactions, and implements real estate management shall abide by this law. The term "house" as used in this Law refers to houses and other buildings and structures on land. The term “real estate development” as used in this Law refers to the construction of infrastructure and housing on land that has obtained state-owned land use rights in accordance with this Law. Real estate transactions as mentioned in this Law include real estate transfer, real estate mortgage and house leasing.