{"id":9160,"date":"2024-08-15T10:19:53","date_gmt":"2024-08-15T02:19:53","guid":{"rendered":"http:\/\/doolounge.com\/value-added-tax-refund\/"},"modified":"2025-04-07T17:35:52","modified_gmt":"2025-04-07T09:35:52","slug":"value-added-tax-refund","status":"publish","type":"post","link":"https:\/\/doolounge.com\/en\/value-added-tax-refund\/","title":{"rendered":"To quickly accumulate assets, you must first understand "repurchase tax rebate"!"},"content":{"rendered":"

In order to prevent taxpayers from being taxed on the sale of a house and resulting in insufficient income to buy a new house, the government specifically stipulates that if you repurchase a self-occupied house, you can apply for a refund, and the tax paid on the sale of the old house can be used to subsidize the purchase of a new house. The difference in the total price.

As long as the period between selling the old house and buying a new house is within 2 years, including "buy first, sell later" or "sell first, buy later", as long as the relevant conditions are met, you can apply for the taxes that need to be paid during the return process. .

The repurchase tax rebate is divided into two parts: real estate and land combined tax, and land value-added tax; but the most important prerequisite is that it must be used for your own residence!

Each has different tax refund methods, which are listed in detail for everyone to take a look at:

House integration tax: It is a national tax and a type of income tax.

Within 30 days of transfer registration, you must apply for the merger of the house and land, pay the taxes incurred, and apply for a new house within two years.

For a house bought and sold within 2 years, whether it is bought first and then sold or first sold and bought later, as long as the ownership of the house is transferred twice and the interval does not exceed 2 years, it will meet the requirements for repurchase tax refund.

In addition to the individual, new purchases in the name of the spouse are also recognized.

The statute of limitations for tax refund claims is five years.

There are two formulas for calculating taxes: large for small, and small for large.

[Change big to small]

The combined real estate and land tax paid when selling a house x (price of buying a new house\/price of selling a house) = amount to be deducted

Assume that after selling the original self-occupied house for 50 million yuan, and then buying another self-occupied house for 30 million yuan, the original house and land tax that should be paid is 20%, and the original house has been occupied for more than five years but less than ten years. That's 10 million yuan.

The refundable amount for repurchase tax refund is
1000 x (3,000 \/ 5,000) = 6 million yuan.

In fact, you only need to pay the combined real estate and land tax, which is 1,000 \u2013 6,00 = 4 million yuan.

\u3010Small for big\u3011

As long as the purchase price of the new house is higher than the selling price of the old house, the combined real estate and land tax will be refunded in full and not a cent will be paid.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Did your eyes suddenly light up when you heard "small for big"?

right! It\u2019s exactly what you think!

In the previous chapters, hasn\u2019t it been mentioned all the time that if a newly purchased house is sold within five years, it will be subject to an overweight combined real estate and land tax of 35, 1TP and 3T?

But as long as you buy a house for a higher price than your old house within two years after selling your house, you will be eligible for the tax rebate for exchanging a small house for a larger one. That overtax that sounds so scary will be covered immediately. Written off.

This is the secret why rich people buy bigger and bigger houses!

Because as long as I sell my original house and buy a more expensive and larger one, I can keep switching like this during the grace period. Directly, I will only pay interest forever, and I won\u2019t be taxed heavily.

If you want to use the New Qing'an plan to play like this, remember to sell first and then buy, not buy first and then sell.

Because Xinqingan\u2019s interest rate subsidy is once in a lifetime, it should be corrected to one house in a lifetime. That is, if you have a house in your name, you cannot apply for Xinqingan\u2019s super preferential interest rate.

But as long as you sell the property in your name first and have no real estate, you can apply again.

Land value-added tax: It is a local tax.

Both the buyer and seller must be the same person.

A purchase or sale must be made within two years. You can only exchange a small amount for a larger one. It does not necessarily mean the size of the land. The size is mainly based on the current value of the land.

The land eligible for repurchase tax refund must be used as a self-occupied residence within five years from the date of purchase, and must be registered with a household registration. It cannot change its use, rent it to others, or move out of the household registration, nor can it be transferred to others, including gifts between spouses.

The property has not been rented out or used for business purposes for a full year before the sale.

If there is a house on the land, the house belongs to the land owner, his spouse or immediate family member.

The statute of limitations for tax refund claims is ten years.

Calculation formula:

Tax refund amount (A) = Newly purchased land price + Land value-added tax paid - Old house land price

When the land value-added tax paid \u2266A, the land value-added tax paid can be fully refunded.

When the land value-added tax paid is >A, the tax equivalent to A can be refunded.

If A is zero or a negative number, it does not meet the tax refund requirements.

If the current land value of the old house is 3 million yuan, a land value-added tax of 1 million yuan is paid when selling, but the land price of the newly purchased house is 3.5 million yuan.

350+100-300 = 150>100

The actual tax refund amount will be the original RMB 1 million paid.

If the land price of the newly purchased house is 2.5 million yuan:

250+100-300=50\u2266100

The actual tax refund amount is RMB 500,000.

It sounds like words and numbers that go around and around. For people who are not good at math concepts, they will definitely feel dizzy when they see it.

These relevant figures are available on the Ministry of Finance\u2019s tax portal.Online tax estimation<\/a>We can help you; just fill in the respective numbers above and quickly estimate how much land value-added tax can be refunded to you when you repurchase your own residential land.

Those who want to use the home exchange plan really remember to plan for repurchase tax rebates to increase their own fund for home exchange.

After reading this, do you start to find real estate interesting? It seems that you can save taxes legally by following the laws set by the government.

After buying and selling again, you can use the low interest rate of the mortgage to reinvest the cashed-out funds, which will quickly help you gain the freedom to accumulate wealth.

Of course, the biggest prerequisite is that you need to do your homework carefully and follow up every time to buy a location that will have a lot of room for growth in the future, so that your assets can always grow exponentially.

# Xinqing'an # Home loan # Loan # Bank # Interest rate # Real estate and land integration # Land value appreciation # Tax payment # Tax payment # Exchange large for small # Small for large # Repurchase # Tax rebate # Spouse # National tax # Income tax # Local tax # Subsidy # Yes Money Man # Real estate speculation # Buy first # Sell first # Ministry of Finance # Rental # Business # Real estate # Current value # Old house # New house # Self-use<\/p>","protected":false},"excerpt":{"rendered":"

As long as you buy a house at a higher price than your old house within two years after selling your old house, you will be eligible for a tax refund for trading in a smaller house for a larger one. That excessive tax that sounds so scary will be offset immediately.<\/p>\n

This is the secret why rich people buy bigger and bigger houses!<\/p>\n

Because as long as I sell my original house and buy a more expensive and larger one, I can keep switching like this during the grace period. Directly, I will only pay interest forever, and I won\u2019t be taxed heavily.<\/p>","protected":false},"author":2,"featured_media":9159,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"activitypub_content_warning":"","activitypub_content_visibility":"","activitypub_max_image_attachments":4,"activitypub_interaction_policy_quote":"anyone","activitypub_status":"federated","footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false,"beyondwords_generate_audio":"","beyondwords_project_id":"","beyondwords_content_id":"","beyondwords_player_style":"","beyondwords_language_id":"","beyondwords_title_voice_id":"","beyondwords_body_voice_id":"","beyondwords_summary_voice_id":"","beyondwords_error_message":"","beyondwords_disabled":"","beyondwords_delete_content":"","beyondwords_podcast_id":"","beyondwords_hash":"","publish_post_to_speechkit":"","speechkit_hash":"","speechkit_generate_audio":"","speechkit_project_id":"","speechkit_podcast_id":"","speechkit_error_message":"","speechkit_disabled":"","speechkit_access_key":"","speechkit_error":"","speechkit_info":"","speechkit_response":"","speechkit_retries":"","speechkit_updated_at":"","_speechkit_link":"","_speechkit_text":""},"categories":[770,817],"tags":[777,771,876,842,845],"class_list":["post-9160","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-estate","category-money","tag-777","tag-771","tag-876","tag-842","tag-845"],"blocksy_meta":[],"featured_image_urls":{"full":["https:\/\/doolounge.com\/wp-content\/uploads\/2024\/08\/fb_img_17236877995161652660717503429070.jpg",1080,1920,false],"thumbnail":["https:\/\/doolounge.com\/wp-content\/uploads\/2024\/08\/fb_img_17236877995161652660717503429070-150x150.jpg",150,150,true],"medium":["https:\/\/doolounge.com\/wp-content\/uploads\/2024\/08\/fb_img_17236877995161652660717503429070-169x300.jpg",169,300,true],"medium_large":["https:\/\/doolounge.com\/wp-content\/uploads\/2024\/08\/fb_img_17236877995161652660717503429070-768x1365.jpg",768,1365,true],"large":["https:\/\/doolounge.com\/wp-content\/uploads\/2024\/08\/fb_img_17236877995161652660717503429070-576x1024.jpg",576,1024,true],"1536x1536":["https:\/\/doolounge.com\/wp-content\/uploads\/2024\/08\/fb_img_17236877995161652660717503429070-864x1536.jpg",864,1536,true],"2048x2048":["https:\/\/doolounge.com\/wp-content\/uploads\/2024\/08\/fb_img_17236877995161652660717503429070.jpg",1080,1920,false],"trp-custom-language-flag":["https:\/\/doolounge.com\/wp-content\/uploads\/2024\/08\/fb_img_17236877995161652660717503429070-7x12.jpg",7,12,true]},"post_excerpt_stackable":"

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