Homemade first home tax avoidance close personal transfer June reached 596 cases of the overall second-hand more than 15%

The government blocked a group of loopholes, more and more families to internal transfer model self-made “first home” identity tax avoidance. In June, there were 596 internal transfer cases, accounting for 15.5% of second-hand transactions, the highest proportion of innovation. Industry worries affect market transparency.

The Government has frequently moved to curb property prices, home buyers have come up with different programs to avoid tax, one of the more commonly used method is to jointly hold the property, the form of transfer within the transfer of ownership to one of the owners under the name of another owner Immediately become the first identity, do not pay 15% spicy tax.

Year-on-year average of 6.21 million each

This type of internal transfer has soared since the Government raised its double stamp duty to 15% of property prices in November last year. According to Q housing network statistics show that plus spicy monthly transfer of less than 400 cases per month, and after rising month by month, to March this year, breaking the 500 level. And in April this year, blocked about a group of loopholes in the last month, the number of internal transfer cases rose to 596, accounting for 15.5% of second-hand turnover, the proportion of a record high. Compared with the same period last year accounted for 7.7% of the same case, an increase of 1 times, showing the trend of internal transfer gradually become a trend. And the related 596 cases involved a total of $ 3.7 billion, with an average of $ 6.21 million each.

To an average of 6.21 million yuan per person to the above-mentioned property prices, assuming a couple to sell the way of internal transfer, tax 20.1 million, and because only about half of the title trade, it is only necessary to pay half of the tax, that is, about 10 million yuan. And if the transfer of the right to sell the party to the identity of the first purchase of a price (6.21 million) units, the tax is still 20.1 million, rather than 15% of property prices (9.315 million yuan), a total tax of 630,000 yuan.

Internal transfer price is not reference

As a result of this kind of internal transfer model, the way of making the identity of the home is becoming more and more popular. There are even opportunities for lawyers to visit the branches of the estate agents and to teach the procedures and taxes involved in the transfer of estate agents.

Some industry insiders pointed out that the internal transfer cases soared, the property market information seriously affected, because such transaction prices and market prices are quite different. For example, Discovery Bay Phase 3 is a 398 sq. Ft. Fine, with an internal transfer of $ 1.8 million at the end of last month and a valuation of $ 3.75 million, a difference of 52%.

A lot of internal transfer cases will be conducted in the form of high market prices to facilitate the application of more loans. If the deal is classified as a normal transaction, the average price of the estate is calculated, making the market more difficult to grasp the real market price.

Investments in Hong Kong, Mr Chan Koon Hing, Managing Director of Hong Kong, pointed out that the more the number of internal transfers for tax avoidance, the more likely to mislead the market, since the cases involved were not genuine prices. He believes that the Government must understand that the suppression of property prices and the suppression of trading volume are two different things, the property market policy to be reviewed.