Qingdao Real Estate Update

Taxes and fees for buying second hand property in Qingdao have recently changed: (1) If the property is under under 144 m² and more than 5 years old, the buyers need to pay the title deed tax plus 5.5% business tax. (2) If the property is more than 144 m² but less than 5 years old, the buyers need to pay the title deed tax plus 2% personal tax and 5.5% business tax. (3) If the property is more than 144 m² and more than 5 years old, the buyers will only need to pay the title deed tax plus business tax.Data provided by: Qingdao Real Estate & Relocation Team.