Deed tax originated in the Eastern Jin Dynasty in China and has a history of 1600 years. At that time, both buyers and sellers had to pay, and only the buyer had to pay since the Northern Song Dynasty. Deed tax refers to a tax levied on the buyer when the owner of real estate (real estate, land) changes. Deed tax is related to the size of the property and the amount of land owned. Generally, the bigger the land, the more land and the heavier the deed tax.
Maintenance fund refers to a certain amount of money paid by the owners of residential quarters for the maintenance of public parts and facilities and equipment in this quarter, which is usually given to local properties, generally 2% of the house price. Idle maintenance funds can be used for purchasing government bonds and risk-free financial management, and cannot be used for other purposes.