How to Calculate the Transfer Fee for Used Car Garages in 2021?
2 Answers
Personal Income Tax: 3% of the transaction price difference. Value-Added Tax: 5.5% of the transaction price difference. Land Appreciation Tax: 30% to 60% of the transaction price difference. Deed Tax: 3% of the transaction price. Stamp Duty: Pay 0.05% of the contract transfer transaction amount.
I bought a used parking space in 2021, and the transfer fees were quite a hassle. It mainly consisted of two parts: the basic transfer fee and taxes. The basic fee is calculated as a percentage of the transaction price of the parking space, and the percentage varies by location. For example, in my area, it was 3%. My parking space cost 100,000 yuan, so the basic fee was 3,000 yuan. The taxes included a deed tax, typically ranging from 1% to 3% depending on whether it was the first property, and a stamp duty of about 0.05%, which was negligible. I paid a 1.5% deed tax, an additional 1,500 yuan. Also, don’t forget the appraisal fee, which can range from a few hundred yuan. Local policies may change, so it’s best to call the local vehicle management office in advance to clarify. In 2021, some cities reduced certain taxes, but I didn’t benefit from that. In total, I spent over 4,500 yuan. I recommend setting aside extra budget for unexpected expenses to avoid last-minute embarrassment. From this experience, I learned that it’s best to use a formal intermediary for parking space transactions—it saves time and provides peace of mind.
