"The second-hand housing transaction as a focus of inhibition, will directly increase the cost of investor transfer of real estate." Qiu Licheng, a member of the National Committee of the Chinese People's Political Consultative Conference (CPPCC) and deputy dean of Nankai University's School of Economics, said that the tightening of credit policy is undoubtedly "a blow to the head" for speculators who buy and sell properties for short-term purposes.
Individual industrial and commercial production, business income includes four aspects:
(a) approved by the administration for industry and commerce and receive a business license for urban and rural individual industrial and commercial households, engaged in industry, handicrafts, construction, transportation, commerce, food and beverage, services, repairs, and other sectors of the production and operation of the income obtained.
(2) Individuals approved by the relevant government departments, obtaining a business license, engaged in running schools, medical care, consulting and other paid service activities to obtain income.
(3) Other individuals engaged in individual industrial and commercial production, business income, as well as individuals temporarily engaged in production, business activities.
(4) The above individual industrial and commercial households and individuals to obtain the production, business-related taxable income.
The income from contracting and leasing to enterprises and institutions refers to the income derived from contracting, leasing, subcontracting and subletting, including the income derived from wages and salaries obtained by individuals on a monthly or per-occasional basis.
I hope the above content can help you, if you have other questions please consult a professional lawyer.
Legal basis:
How to pay personal income tax for second-hand house transaction? In accordance with the provisions of the Individual Income Tax Law, individuals selling their own homes to obtain income, according to the "property transfer income" project shall be subject to individual income tax, the tax rate is 20%. At the same time, in order to promote the healthy development of China's residential housing market and to regulate the behavior of collection and payment, the Ministry of Finance, the State Administration of Taxation and the Ministry of Construction made a clear provision on December 2, 1999 on how to collect individual income tax on the income derived from the sale of housing by an individual, which is taxed in three specific cases: 1) An individual who sells his/her own housing other than public housing shall be taxed in accordance with the relevant provisions of the Law on Individual Income Tax. 2) An individual who sells his/her own housing shall be taxed in accordance with the relevant provisions of the Law on Individual Income Tax. The amount of taxable income is determined in accordance with the relevant provisions of the Individual Income Tax Law. That is, according to the amount of income from the transfer of property, less the original value of the property and the reasonable cost of the balance of the individual income tax of 20%, the reasonable cost refers to the sale of the property to pay the relevant costs. 2, the individual sale of public housing, its taxable income for the sale of individuals to sell publicly owned housing, the sale price of public housing, minus the standard housing area of the price of economically affordable housing, the original payment of more than the housing standard housing prices, the income tax paid to the treasury or the original ownership unit, and the income tax. The balance of the income from the sale of public housing shall be the sales price less the price paid for the affordable housing that exceeds the standard housing area, the income paid to the government or the original property rights unit, and the reasonable expenses stipulated by the tax law. 3. The sale of public housing by employees financed by the cost price (or the standard price) of the collective investment and cooperative housing, the housing of the housing project, the housing of the economically affordable housing, as well as the housing of the demolition and relocation, shall be compared with the public housing that has already been purchased in order to determine the amount of taxable income. What are the preferential policies for the payment of personal income tax in second-hand housing transactions? According to China's tax laws and regulations, there are some preferential policies on the payment of individual income tax in the second-hand housing transactions, mainly in the following two aspects: 1, the transfer of personal use for more than 5 years, and is the only living room for the family to obtain the income, exempted from individual income tax. 2, the sale of their own housing and intends to sell their homes within 1 year of the sale of the current housing at the market price of the re-purchase of housing taxpayers, the sale of housing to be paid. Individual Income Tax. The specific way is: first to pay the tax deposit to the competent tax authorities, the purchase amount is greater than or equal to the original housing sales, all the refund of the tax deposit, the purchase amount is less than the original housing sales, in accordance with the purchase amount of the original housing sales of the ratio of the refund of the tax deposit, the balance of the individual income tax into the national treasury. The above is a brief introduction of how to pay personal income tax in second-hand house transaction and what preferential policies are available. The payment of personal income tax in the second-hand house transaction, China's tax laws and regulations are very detailed, in addition, there are also two preferential policies to regulate the tax order of the second-hand house transaction market in China. Of course, it is necessary to remind you that, even if the law is very detailed, but for the ordinary people, generally do not have a clear understanding of this. Therefore, if it involves the payment of taxes, in addition to consulting the relevant tax authorities, should also pay attention to the agreement with the counterparty on the payment of taxes, and if necessary, to consult a real estate lawyer, their advice or professional advice may help you effectively avoid taxes.