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[10 Dec 2009 | No Comment | ]
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 …