What Taxes Need to Be Paid for Second-hand Parking Space Transactions?
1 Answers
Second-hand parking spaces fall under non-residential property transactions. Buyers need to pay a 3% deed tax and stamp duty, while sellers are required to pay business tax and surcharges, personal income tax, land value-added tax, and stamp duty. Below is relevant information about parking spaces: Introduction: A parking space, referred to as parking-place in English, is an area designated for parking vehicles, including both outdoor and indoor locations. Parking spaces can be categorized into two types based on fees: free parking spaces and paid parking spaces. In parking lot management, the primary revenue source for parking lot management companies comes from providing parking services through space rentals and collecting parking fees. Parking spaces are often classified into reserved parking spaces and temporary rental spaces. Basic Overview: Many high-traffic and commercially active areas feature above-ground and underground multi-level parking facilities to save space. Generally, urban planning includes designated parking spaces along roadsides or in open areas to provide convenience for drivers. However, parking in undesignated areas within cities may be considered illegal parking, and law enforcement authorities can impose fines.
