Frequently Asked Questions

13 2026-10

What's the difference in tax fees between second-hand houses that have been owned for two years and those that have been owned for five years?

For properties purchased before July 1, 2016, the VAT will be waived if the purchase price exceeds 2 million yuan. For properties purchased after July 1, 2016, the VAT will be waived if the purchase price exceeds 5 million yuan, and the individual income tax will be waived if it is the only property owned by the purchaser. The two exemptions combined can reduce the housing price by several percent...

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