What is the deed tax rate in Quanzhou and when is the deed tax in Quanzhou paid?

What is the deed tax rate in Quanzhou?

3

On July 29, 2021, the 28th meeting of the Standing Committee of the 13th Provincial People’s Congress approved the “Deed Tax The "Provincial Applicable Tax Rate and Specific Measures for Tax Reduction and Reduction" stipulates that the province's deed tax rate is 3, which will be implemented on September 1, 2021.

Deed tax is a tax levied on units and individuals who transfer land and house ownership. The current deed tax rate in Fujian Province is 3. Judging from the actual implementation over the past two decades, the tax system has been operating generally smoothly, which has effectively promoted the sustained and healthy development of the real estate market in our province. This deed tax legislation follows the current tax system framework and the overall level of tax burden remains unchanged, and shifts the current tax rate.

At the same time, the "Plan" clarifies tax reduction and exemption methods for cases where land and houses are expropriated and requisitioned by people's governments at or above the county level, or houses are lost due to force majeure:

Firstly, due to If land and houses are requisitioned by the people's government at or above the county level and the ownership of the land and houses is re-acquired, if monetary compensation is chosen and the land or houses are repurchased, the deed tax will be exempted if the transaction price does not exceed the monetary compensation, and the deed tax will be exempted if the transaction price exceeds the monetary compensation. Deed tax will be levied on the excess amount; if you choose house property rights exchange or land use right exchange, those who do not pay the price difference will be exempted from deed tax, and those who pay the price difference will be levied deed tax on the difference.

The second is the situation where the house is lost due to force majeure and the ownership of the house is retaken. If the area does not exceed the original area, deed tax will be exempted. If the area exceeds the original area, deed tax will be levied on the excess part.

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