买房卖房必看！住房交易税收知识你要知道

Tax Regulations Summary - The article outlines various tax exemptions and rates applicable to property transactions, including land value-added tax and personal income tax [3] - Personal income tax is based on the actual income from property transfer, with a tax rate of 20% if complete documentation is provided, otherwise a flat rate of 1% applies [3] - For individuals selling their only residential property after five years of ownership, they are exempt from personal income tax [3] Tax Rates for Home Purchases - For the purchase of a first residential property, a reduced deed tax rate of 1% applies for properties under 140 square meters, and 1.5% for those above [3] - For the second residential property, the deed tax rate is 1% for properties under 140 square meters and 2% for those above [3] - The third and subsequent residential properties are subject to a deed tax rate of 3% [3] Taxpayer Responsibilities - Taxpayers seeking tax benefits must submit proof of family member information and a written inquiry result regarding their housing situation from the local real estate management department [3] - If information sharing conditions are met, taxpayers can authorize tax authorities to obtain relevant information [3] - In cases where information sharing is not possible, taxpayers may use a commitment system to submit a tax proof commitment letter, assuming legal responsibility for the truthfulness of the information [3]