value-added tax

The first tax to be paid for buying a parking space is value-added tax. According to the Value-added Tax Law of People's Republic of China (PRC), the Local Taxation Bureau collects value-added tax on the buyers who purchase parking spaces. The tax basis of value-added tax is the price of purchasing parking spaces. According to the policies of different regions, the VAT rate is generally 5% or 3%.

contract tax

In addition to value-added tax, a tax that needs to be paid for the purchase of parking spaces is deed tax. Deed tax refers to the taxes and fees that should be paid for the real estate registered for property right transfer according to law. The deed tax rate for purchasing parking spaces is generally between 1%-3%. Policies and regulations in different regions may be different. For the specific tax rate, buyers need to consult the local government or relevant departments.

individual income tax

You have to pay personal income tax when you buy a parking space. According to the provisions of the state tax authorities, personal income tax is applicable to the income from personal transfer, lease, gift or other forms of acquisition of real estate. Buyers selling parking spaces in the future may generate corresponding price difference income. As income from the transfer of real estate, they need to pay personal income tax according to regulations. stamp tax

In addition, the purchase of parking spaces also requires stamp duty. Stamp duty is a tax levied on certain activities. According to the provisions of the tax law, the purchase of real estate or real estate needs to pay the corresponding tax stamp duty. The stamp duty on the purchase of parking spaces is generally 0.03% of the purchase price.

House/property tax

According to local government regulations, owners who buy and own housing or non-housing real estate (including parking spaces) need to pay property tax. Property tax is calculated according to the building construction area and the tax rate stipulated by the relevant government. Owners who buy parking spaces need to consult the local government about the specific property tax rate.

Maintenance fund

You also need to pay a maintenance fund to buy a parking space. The maintenance fund is the fee paid by the owner in accordance with the regulations, which is the same as the maintenance management of real estate. Owners who purchase parking spaces need to pay maintenance funds to the property company or the owners' committee regularly according to the regulations of the property company, so as to maintain and manage the normal operation of parking spaces.

Pay attention to the following points when buying parking spaces:

1, define the property rights of parking spaces.

See if the parking space is owned by the developer, that is, whether the developer has ownership. If the purchased parking space and garage can't handle the property right certificate, it means that the parking space and garage can't be sold. If parking spaces are public facilities, developers will not enjoy their ownership, let alone marketize parking spaces.

2. The relevant rules of parking spaces should be written into the contract.

When the buyer signs the pre-sale contract, if the parking space is pre-sold with the house, the buyer and the developer should clearly stipulate the location, parking space number, pre-sale area and pre-sale price of the parking space in the supplementary terms of the pre-sale contract, preferably with a floor plan, and agree on the solution to the difference.

3. Pre-sale parking spaces must obtain pre-sale permits.

Just as developers have to obtain a pre-sale permit to sell a house, so do pre-sale parking spaces.

4. You need to pay deed tax and maintenance fund to buy a parking space.

The longest property right of underground parking spaces is 50 years; In some commercial office projects, the property right of parking spaces is 40 years or even shorter. In addition, buying a parking space, like buying a house, also needs to pay deed tax and public maintenance fund.

5. You can't buy a parking space with a provident fund loan.

You can't use provident fund loans to buy parking spaces and garages.

To sum up, the main taxes and fees to be paid for the purchase of parking spaces include value-added tax, deed tax, personal income tax, stamp duty, property tax and maintenance fund. Property buyers should understand the local tax policies before buying parking spaces, and consider the impact of these extra expenses on the purchase funds.

Legal basis:

Individual Income Tax Law of the People's Republic of China

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Personal income tax rate:

(1) For comprehensive income, the excess progressive tax rate of 3% to 45% shall apply;

(2) The excess progressive tax rate of 5% to 35% shall apply to the operating income;

(3) Income from interest, dividends and bonuses, income from property leasing, income from property transfer and accidental income shall be subject to the proportional tax rate of 20%.