Land Value Tax – Preferential Tax Rate for Self-Use Residence
Tips for Tax Saving：
Eligibility, 3 Requirements, 2 Restrictions
3 Requirements
Landowner, his/her spouse, or his/her immediate family members have household registration at the land.
The land is not for leasing or business use.
The house building on the land must be owned by the landowner, his/her spouse, or his/her immediate family members.
2 Restrictions
The landowner, his/her spouse, and his/her dependent minors are limited to own one land.
The urban land area is not over 300 square meters (90.75 pings). The non-urban land area is not over 700 square meters (211.75 pings)
Application Deadline:
Apply before September 22, the preferential tax for self-use residence is applicable for that year.
Apply after September 22, the preferential tax for self-use residence is applicable for next year.
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House Tax – Preferential Tax Rate for Self- Residential House
Tips for Tax Saving：
1.For individual-owned residential houses that simultaneously meet the following conditions and are used for owner-occupied residential purposes, they are subject to an applicable tax rate of 1.2%:
(1)The house is not rented out or used for business purposes.
(2)The house is used for actual residential purposes by the owner, his or her spouse, or relatives of direct lineage, and completion of the household registration at the house address.
(3)The total number of houses nationwide owned by the owner, spouse, and minor children does not exceed three.
2. If the owner, spouse, and minor children only own one house nationwide, meet the owner-occupied requirements, and the current value of the house is below a certain threshold, apply a tax rate of 1%.
Application Deadline:
Submit an application 40 days prior to the tax levy (i.e., March 22) and meet the owner-occupied conditions that can be applied for the current period. For late declarations, the preferential tax rate will be applied from the next period.
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