The meaning of deed tax:

Deed tax is a tax levied on the undertaker when the ownership of land and house is transferred. The current Provisional Regulations on Deed Tax in People's Republic of China (PRC) came into effect on June 1997+ 10/day. Enterprises and individuals that have obtained the ownership of land and houses in China shall pay deed tax according to law;

The above-mentioned ways to obtain land and house ownership include the following: transfer of state-owned land use right, transfer of land use right (including sale, gift and exchange), sale, gift and exchange of houses;

Transfer of land and house ownership in the following ways shall be regarded as land use right transfer, house sale or house gift, and deed tax shall be levied: land and house ownership shall be invested as shares, debt shall be paid by land and house ownership, land and house ownership shall be inherited in the form of winning prizes, and land and house ownership shall be inherited in the form of purchasing houses in advance or raising funds in advance. The deed tax is subject to a proportional tax rate of 3%-5%.