Don't hand it in. The residential special maintenance fund collected by the real estate department or its designated institution belongs to the project that does not levy value-added tax. Therefore, the special maintenance funds collected by the real estate authorities are not subject to VAT. Residential special maintenance funds refer to the funds used for the maintenance, renewal and transformation of public parts and public facilities and equipment of residential buildings.

What does it mean to pay VAT when buying a house?

All kinds of expenses arising from the secondary sale of houses are called value-added tax. Value-added tax on house purchase refers to the fees levied on the value-added part of the house. In China, different real estate development policies have different tax rates for real estate development enterprises. If you buy a house for less than two years and want to sell it in the future, it involves the collection of value-added tax on the house, which is generally 5%.