How to calculate the second set in Shanghai 2019?
In recent years, Shanghai’s real estate policies have been the focus of home buyers, especially the identification and calculation of second homes. This article will combine the hot topics and hot content on the Internet in the past 10 days to analyze in detail the identification standards and calculation methods for second homes in Shanghai in 2019, and present it in the form of structured data to help home buyers better understand the relevant policies.
1. Shanghai 2019 Second House Recognition Standards
According to the real estate policy released by Shanghai in 2019, the identification of second homes is mainly based on the following aspects:
| Recognition conditions | Specific instructions |
|---|---|
| The family already has property in their name | Family members (including spouses and minor children) already have one or more houses in their names |
| loan history | The household has an existing home loan on record, whether it has been settled or not |
| Out-of-town real estate | Family members own real estate in other places and have unpaid loans, which may affect their qualifications to buy a house in Shanghai. |
2. Shanghai second home loan interest rate and down payment ratio in 2019
The loan interest rate and down payment ratio for a second home are one of the most concerning issues for home buyers. The following is the relevant data for Shanghai’s second homes in 2019:
| Project | Standard |
|---|---|
| down payment ratio | No less than 50% for ordinary residences and no less than 70% for non-ordinary residences |
| loan interest rate | The base interest rate will increase by 10%-20%, which will be adjusted according to bank policies. |
| Deed tax rate | 3% |
3. Calculation of taxes and fees for second homes in Shanghai in 2019
When buying a second home, taxes are an inevitable expense. The following are the main tax items and calculation methods for second homes in Shanghai in 2019:
| Tax items | Calculation method |
|---|---|
| Deed tax | 3% of the total price of the house |
| value added tax | Exemption for 2 years and 5.6% of the difference for less than 2 years |
| personal income tax | The only residence that has been in residence for more than 5 years is exempt from the tax, otherwise it will be levied at 20% of the difference or 1% of the total price. |
4. Purchase process of second home in Shanghai in 2019
The process of purchasing a second home is relatively complicated. The following are the main steps:
| steps | Specific content |
|---|---|
| Qualification review | Submit family property certificates, loan records and other materials to review house purchase qualifications |
| Sign a contract | Sign a house purchase contract with the seller and pay the deposit |
| loan application | Submit loan application to bank and wait for approval |
| Transfer tax | Complete the property transfer procedures and pay relevant taxes and fees |
5. Summary
The identification and calculation of second homes in Shanghai in 2019 involves many aspects, including the number of properties, loan records, taxes, etc. Before purchasing a second home, home buyers should fully understand the relevant policies, ensure they meet the home purchase qualifications, and make financial plans in advance. This article uses structured data to analyze in detail the identification standards, loan interest rates, tax calculations and purchase procedures for second homes in Shanghai in 2019, hoping to provide valuable reference for home buyers.
If you have other questions about Shanghai’s second home policy, it is recommended to consult a professional real estate agency or relevant departments to obtain the latest and most accurate information.
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