When we buy a new house, we will see a maintenance fund on the list given by the seller, accounting for about 3% to 5%. Deed tax is not difficult for us to see in real estate transactions, accounting knowledge, learning and processing. Do you know what they mean respectively? Click here to understand.

What do maintenance fund and deed tax mean?

1 maintenance fund

The maintenance fund actually includes the special fund for housing public facilities and the maintenance fund for housing itself. It refers to the fund that the owners of residential properties pay a certain standard of money to a special account for the maintenance of public parts and facilities in the property area, and authorize the owners' committee to manage and use it in a unified way. The special fund implements the principle that money goes with the house. When the house is transferred, the remaining funds in the account are also transferred to the new owner of the house.

2 deed tax

Deed tax refers to a one-time tax levied on the new owner (property owner) according to a certain proportion of the production price when the property right of real estate (land, house) changes. Refers to the tax levied on the contract, which belongs to the property transfer tax and is paid by the property heir. The contracts involved in deed tax, including the assignment or transfer of state-owned land use rights and the transfer of house ownership, should be called the transfer of land and house ownership such as house sale, gift and exchange.

The meaning of maintenance fund and deed tax is introduced above. I hope this answer will give you a new understanding of this.