Couples to pay tax to add name to their property

0 Comment(s)Print E-mail Xinhua, August 26, 2011
Adjust font size:

Do you want to share the ownership of property that officially belongs to your spouse or his or her family by adding your name to an ownership certificate? If that's the case and you live in this city in East China, you will probably have to pay a tax.

A partner in a couple who wants to obtain part ownership of property that had belonged to the other partner before they were married will have to pay a tax that took effect on Tuesday, according to a regulation adopted by Nanjing, capital of Jiangsu province.

The tax will be charged at a rate of 3 percent. It will only apply to the portion of a property that belongs to a partner in a couple who does not have his or her name on the property's ownership certificate.

Take an example of an unmarried Nanjing couple who bought a 1-million-yuan ($156,000) house. The man paid 600,000 yuan for it and the woman 400,000 yuan, but only the man put his name on the property certificate.

When the couple gets married, though, the woman decides she wanted her name added to protect her interest in the house. She now must pay 12,000 yuan - 0.03 multiplied by 400,000 - in tax.

Before the policy took effect, it cost nothing to add a name to a property-ownership certificate.

Those, meanwhile, who buy property after getting married will not have to pay such a tax. The policy change has drawn complaints from the public.

Many Nanjing residents argue the new rule looks like "looting", since it was adopted right after new interpretations of the Marriage Law were issued on Aug 13.

The interpretations stipulate that real estate bought before marriage by one partner in a couple belongs to that partner alone. The property will not, in other words, belong jointly to the couple, meaning the person whose name is not on the ownership certificate will get nothing from it if there is a divorce.

Nanjing real estate management authorities said many residents, especially women, have asked in the past two weeks about what they should do to have their names added to property ownership certificates.

"All of a sudden I need to pay a tax when I just want to confirm my ownership of my property by adding my name to the certificate," said Li Yu, a 23-year-old woman in Nanjing who got married last month.

In response, a source with the Nanjing tax authority, who requested anonymity, said those who add their names to the ownership certificates of property that had belonged solely to someone else are effectively shifting the ownership of that property. They should therefore be taxed in accordance with the People's Republic of China's provisional regulations on contract taxes.

The source in the tax authority said that no official guidance has been released saying how the new rule will be enforced.

For some, the tax is a cause of worry.

"I regret that I did not complete the process this past week, and now I have to pay an extra 20,000 yuan to do the same thing," said a 43-year-old resident who declined to give his full name. He said his wife has pressured him to put her name on the ownership certificate for their downtown apartment.

Nanjing is among the first Chinese cities to impose taxes on couples who shift the ownership of property in this way. Chengdu, in Sichuan province, and Qingdao, Shandong province, have adopted similar policies.

According to a notice posted on Wednesday on the Nanjing tax authority's official website, Nanjing tax officials have already informed their superiors about the details of the new tax policy.

The notice said the State Administration of Taxation is making detailed rules, which may be adopted in more places in the country.

Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 日韩不卡免费视频| 潮喷大喷水系列无码久久精品| 国产欧美日韩另类精彩视频| 亚洲精品免费在线视频| 美女网站色在线观看| 国产又大又长又粗又硬的免费视频| 337p色噜噜| 天堂а√在线官网| 一级一级一片免费高清| 日本一卡2卡3卡4卡无卡免费 | 久久久久久国产精品三级| 最近中文字幕mv免费高清视频7| 亚洲欧美日韩久久精品| 狠狠噜狠狠狠狠丁香五月| 国产无遮挡又黄又爽免费视频| 69视频免费观看l| 在线观看国产情趣免费视频| 一区二区三区中文| 成人欧美日韩高清不卡| 久久久久久亚洲精品中文字幕| 日韩日韩日韩日韩日韩| 亚洲AV无码专区国产乱码电影| 欧美在线第一二三四区| 亚洲成a人片在线不卡一二三区 | 免费一级大黄特色大片| 精品久久久久久无码中文字幕| 啦啦啦手机完整免费高清观看| 西西人体大胆免费视频| 国产午夜无码视频免费网站| 麻豆国产福利91在线| 在线观看中文字幕第一页| japanese国产高清麻豆| 娇小性色xxxxx中文| 一级毛片视频在线| 成人午夜私人影院入口| 中文字幕在线久热精品| 无码人妻av一区二区三区蜜臀| 久久久www成人免费精品| 日本成人免费在线| 亚洲国产精品一区二区第四页| 毛片a级毛片免费播放下载|