A joint notice was issued days ago by Ningbo Housing and Urban-Rural Development Bureau, Ningbo Tax Service State Taxation Administration, and Ningbo Natural Resources and Planning Bureau, clarifying the adjustment of the regional scope for querying the number of housing units for households who are qualified for preferential deed tax in Ningbo. The adjustment will take effect from March 10, 2025.
The adjustment are as follows: For households purchasing residences in the six urban administrative districts, the area range for querying the number of eligible housing units for tax benefits will be adjusted from the six urban administrative districts to the administrative region where the purchase is made.
According to the new property tax policy officially implemented on Dec.1, 2024, the landownership tax payment standards for purchasing new and second-hand residential properties in Ningbo are as shown in the table below:
The deed tax payment standards on newly-built commercial and second-hand residential properties |
The floor space of the residence | The number of housing units within the scope of the buyer's household inquiry | The tax rate (excluding value-added tax transaction price) |
≤140㎡（used to be≤90㎡） | The First building | 1% |
The second building |
The third building and more | 3% |
＞140㎡（used to be more than 90㎡） | The First building | 1.5% |
The second building | 2% |
The third building and more | 3% |
It can be seen that the property number the buyer claims is the key and has direct impact on the amount of deed tax to be paid.
Before this adjustment, the area range for querying the number of family houses for those paying deed tax was considered as one area for the six urban administrative districts of the city.
However, after this adjustment, Haishu administrative district, Jiangbei administrative district, Yinzhou administrative district (including Xinming Sub-district, Juxian Sub-district and Meixu Sub-district of High-tech Zone, and Dongqian Lake Town), Zhenhai administrative district (including Guisi Sub-district), Beilun administrative district and Fenghua administrative district become an independent query area.
Please find the following landownership tax payment changes. Take the following case as example. Suppose a house buyer already owns one house in Haishu administrative district and another in Fenghua administrative district. Now he would like to purchase a new house of 120 square meters in Yinzhou administrative district at taxable price of 3.6 million yuan, and this one would be his first house in Yinzhou administrative district. Before this adjustment, as he owns 2 houses in the scope of the six urban administrative districts, this new house would be considered as the third house of the household and a contract tax of 3.6 million * 3% , that is 108,000 yuan. However, according to the newly-issued notice, only his house in the Yinzhou administrative district would be take into account, therefore his new house in the Yinzhou administrative district would be regarded as the first house, and only a deed tax of 3.6 million * 1% , 36,000 yuan is required.
According to the notice issued by the three Bureaus, this adjustment to the regional scope for querying the number of family-owned houses eligible for deed tax benefits will take effect on March 10, 2025. That is to say, if the citizen purchases a house from March 10, 2025, he could benefit a lot and enjoy the new adjusted standards when he declares and pays the landownership tax.