Wuhan House Tax Refund Policy

Legal analysis: (1) For individuals who purchase the only home for their family (family members include the home buyer, spouse and minor children, the same below) with an area of ??90 square meters or less, the mortgage will be reduced by 1 Tax rate: If the deed tax area is more than 90 square meters, the deed tax is levied at a reduced rate of 1.5. (2) For individuals purchasing a second improved house for the family, with an area of ??90 square meters or less, the deed tax is levied at a reduced rate of 1. If the area exceeds 90 square meters, the deed tax will be levied at a reduced rate of 2. The second improved house for a family refers to the second house purchased by a family that already owns a house. (3) If a taxpayer applies for tax incentives, based on the taxpayer's application or authorization, the real estate authority in the place where the house is purchased shall Issue written inquiry results on the taxpayer's family housing situation, and promptly transmit the inquiry results and relevant housing information to the tax authorities.

Legal basis: "Provisional Regulations of the People's Republic of China on Real Estate Tax" Article 2 Real estate tax shall be paid by the property owner. If the property rights belong to the whole people, the payment shall be paid by the operating and management unit. If the property rights are deeded, the deedee shall pay the amount. If the property owner or deedee is not located at the location of the property, or if the property rights are not determined and the lease dispute is not resolved, the property custodian or user shall pay.

The property owners, management units, deeds, real estate custodians or users listed in the preceding paragraph are collectively referred to as taxpayers (hereinafter referred to as taxpayers).