On September 30, the Ministry of Finance and the State Administration of Taxation issued the "Announcement on Individual Income Tax Policies Supporting Residents to Exchange Housing" (hereinafter referred to as the announcement). Buy a house within one year of selling and get a tax refund! Effective October 1st.
Official: There is a tax rebate for purchasing a house within 1 year of the sale of the house
announced that from October 1, 2022 to December 31, 2023, the tax payment for the sale of the self-owned house and the repurchasing of the house in the market within 1 year after the sale of the existing house Persons who sell their existing houses will be given tax rebates for the personal income tax they have paid.
Among them, if the amount of the newly purchased house is greater than or equal to the transfer amount of the current house, all the paid individual income tax will be refunded; if the amount of the newly purchased house is less than the transfer amount of the current house, the amount of the newly purchased house will be refunded according to the ratio of the amount of the new house to the transfer amount of the current house. Personal income tax paid on housing. The full text of
is as follows:
In order to support residents to improve their housing conditions, the relevant individual income tax policies are hereby announced as follows:
1. From October 1, 2022 to December 31, 2023, the sale of self-owned housing and the sale of existing housing Taxpayers who repurchase houses in the market within the next 1 year will receive tax refunds for the personal income tax they have paid for selling their existing houses. Among them, if the amount of the newly purchased house is greater than or equal to the transfer amount of the existing house, all the paid individual income tax will be refunded; if the amount of the newly purchased house is less than the transfer amount of the current house, the amount of the newly purchased house will be refunded according to the ratio of the amount of the new house to the transfer amount of the current house. Personal income tax paid.
2. The current housing transfer amount mentioned in this announcement is the market transaction price of the housing transfer. If the newly purchased house is a new house, the purchase amount shall be the transaction price indicated in the house purchase contract signed and filed by the taxpayer on the website of the housing and urban-rural development department; if the newly purchased house is a second-hand house, the purchase amount shall be the transaction price of the house.
3. Taxpayers who enjoy the preferential policies stipulated in this announcement must meet the following conditions at the same time:
1. The houses sold and repurchased by the taxpayers should be within the same city limits. The scope of the same city refers to all the administrative divisions under the jurisdiction of the same municipality, sub-provincial city, and prefecture-level city (region, state, league).
2. There must be a direct relationship between the taxpayer who sells his own house and the newly purchased house, and should be the property owner or one of the property owners of the newly purchased house.
4. Taxpayers who meet the conditions of preferential tax refund policies shall provide the competent tax authorities with legal and valid house sales and purchase contracts and other relevant materials required by the competent tax authorities, and handle tax refunds after being reviewed by the competent tax authorities.
5. The housing and urban-rural development departments at all levels should establish an information sharing mechanism with the taxation department, and share information such as online signing and filing of housing transaction contracts in the region (including information on revocation of the filing) to the local taxation department in real time; areas where real-time information sharing has not yet been achieved It is necessary to establish and improve the working mechanism to ensure that the tax department obtains the housing transaction contract filing information required for reviewing tax refunds in a timely manner.
6. The execution period of this announcement is from October 1, 2022 to December 31, 2023.
hereby announces.
Ministry of Finance and State Administration of Taxation
September 30, 2022
Experts' latest interpretation
Li Yujia, chief researcher of the Housing Policy Research Center of Guangdong Provincial Planning Institute, believes that the pulling effect of this policy on the real estate market may get better results in the fourth quarter of this year.
Li Yujia said that it is the same as the preferential policy of "adjusting the first home loan interest rate due to the city" introduced yesterday. From the direct purpose of today's policy, it is hoped that in the fourth quarter, the housing demand will be released, which will help the housing market and the economy. Stable provides some support.
He believes that it should be noted that this policy has never existed before, and its discounts are premised. First of all, you have to sell the house in your hand, and you have to buy another house within a year to enjoy this discount. This shows that the demand for house replacement is a very important part of the current housing demand. Previously, the transaction link of the second-hand housing exchange demand was relatively long, and the transaction cost of was relatively high. In addition, the decline in housing prices, the realization of the demand for exchange, hindered many, which is also an important reason why the real estate cannot be a virtuous circle. The purpose of this policy is to point to this aspect. Different from the policy issued by the central bank yesterday, today's policy is common to all cities, it is more favorable, and it can have a significant improvement effect on market expectations.
He also believes that this policy we cannot do aloneLook, this policy alone may not be able to promote the market recovery, but if it is linked to yesterday's mortgage interest rate policy and the recent reduction of the down payment ratio for second homes, we know that its effect is considerable. In addition, we can also see an effect: selling a set of second-hand houses in stock can actually meet the housing needs of new citizens. At present, many new houses are basically large-sized luxury houses, which is not conducive to the economic strength of new citizens. However, the total price of second-hand houses is generally controllable, with a wide range of options, and there are many second-hand houses of small size, old and small, and such houses are suitable for new citizens to get on the bus, enter the city, and settle down. , is very helpful.
Li Yujia finally said that the policy will expire at the end of next year, which shows that the current real estate market is not sluggish, which affects the demand for just-needed home purchase and house replacement, a large part of which is the transaction of buying a new house after changing a house. The transaction cost of existing houses is high and there are many links in the chain. The lengthy situation must be changed, especially when the outlook for housing prices is not expected to be good.
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