Tag: duty free

If only a part of the house under my name is used for business, can I still register it for personal use?

If part of the house is used for business and the rest is for self-residence, you can still apply for self-use tax rate and tax savings. Property tax, land tax and real estate tax can all be levied separately according to the proportion of use. The key is to clearly divide the use, declare honestly and apply in time to legally achieve the best of both worlds: "self-residence, business, tax saving and tax exemption".

You regret taking out a 40-year mortgage, and you want to sell your property in Xinqing'an but are afraid of the real estate tax?

After applying for a new Qing'an loan to buy a house, I regretted it due to the remote location and unstable job. I considered selling it but was worried about the real estate tax. In fact, the real estate tax is only levied on profits from price differences. If there is no profit, no tax will be levied. If the purpose is to relieve pressure, a flat transfer or a small compensation settlement is a more conservative option. It is recommended to consult the real estate agent to find a suitable exit method.

Is investment-type insurance tax-exempt?

Investment-type insurance is not completely tax-free, but it does enjoy the advantage of tax deferral. During the internal operation of the policy, asset appreciation and dividends are not taxed, but if the policy is terminated or partially withdrawn, the gains exceeding the premiums paid must be included in the personal comprehensive income tax return. Death benefit proceeds are usually tax-free, but if the estate exceeds the tax-free amount, it is still subject to estate tax. Compared with directly holding ETFs, investment policies can defer taxation and are suitable for long-term asset allocation, but frequent withdrawals still have tax costs.

Gift tax: How to save tax reasonably?

Inflation is an era when everything is rising, except for damn wages, which are not rising at all, and then the abysmal housing prices are simply breaking through the ceiling. It is normal for parents to help their children by paying the down payment when purchasing a house, and it is also a good way.
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