[Jessy]

I am asking for the following 2 situations:

1: You buy a house for 800K. What is the property transfer tax? How does it calculate?


2: You buy a land for 500K, then you have a builder (contract) build for you. It costs 300K to build. Will the property transfer tax going to be different from case 1?

Thanks

[Sunmax]

1.0% on amounts up to and including $200,000, 2.0% on the amount exceeding $200,000

所以你的800k是，200k x 1% + 600k x 2%.

[Jessy]

So, there is no difference from case 1 & case 2? Even I build the house myself?

[國米]

Jessy 寫道:

So, there is no difference from case 1 & case 2? Even I build the house myself?

lost on ur questions.

If you buy a land, you just need to PTT based on 500k (this is the purchasing price), nothing related to 800k. did get ur point here.

[Jessy]

國米小子 寫道:

Jessy 寫道: So, there is no difference from case 1 & case 2? Even I build the house myself? lost on ur questions. If you buy a land, you just need to PTT based on 500k (this is the purchasing price), nothing related to 800k. did get ur point here.

OK. I understand the first part. Let me try to explain the 2nd case. After I bought the land, I contract a builder to build a house on the land, which total cost is 300K. Do I need to pay PTT for that 300K?

[國米]

Jessy 寫道:

國米小子 寫道: Jessy 寫道: So, there is no difference from case 1 & case 2? Even I build the house myself? lost on ur questions. If you buy a land, you just need to PTT based on 500k (this is the purchasing price), nothing related to 800k. did get ur point here. OK. I understand the first part. Let me try to explain the 2nd case. After I bought the land, I contract a builder to build a house on the land, which total cost is 300K. Do I need to pay PTT for that 300K?

There is no sale/transfer on that 300k, why u need to pay PTT? You are still the owner of this property. So the answer is NO.

[ringringd]

Good. 學到野

[Jessy]

Thank you for you answer. Are you sure about the answer?

This way, it seems you can save quite a bit on building your own house.

Just for the PPT part will be 300K * 2% = 6K

國米小子 寫道:

Jessy 寫道: 國米小子 寫道: Jessy 寫道: So, there is no difference from case 1 & case 2? Even I build the house myself? lost on ur questions. If you buy a land, you just need to PTT based on 500k (this is the purchasing price), nothing related to 800k. did get ur point here. OK. I understand the first part. Let me try to explain the 2nd case. After I bought the land, I contract a builder to build a house on the land, which total cost is 300K. Do I need to pay PTT for that 300K? There is no sale/transfer on that 300k, why u need to pay PTT? You are still the owner of this property. So the answer is NO.

[Sunmax]

I think it makes sense because you already pay PST/GST on the building cost.

Jessy 寫道:

Thank you for you answer. Are you sure about the answer? This way, it seems you can save quite a bit on building your own house. Just for the PPT part will be 300K * 2% = 6K 國米小子 寫道: Jessy 寫道: 國米小子 寫道: Jessy 寫道: So, there is no difference from case 1 & case 2? Even I build the house myself? lost on ur questions. If you buy a land, you just need to PTT based on 500k (this is the purchasing price), nothing related to 800k. did get ur point here. OK. I understand the first part. Let me try to explain the 2nd case. After I bought the land, I contract a builder to build a house on the land, which total cost is 300K. Do I need to pay PTT for that 300K? There is no sale/transfer on that 300k, why u need to pay PTT? You are still the owner of this property. So the answer is NO.