Please feel free to add to the community any information regarding houses abroad, whether it is tax legal, financial, commercial or social.
China
1. The tax rate for transferring real estate in China varies depending on the location and value of the property. In general, the tax rate is around 3-5% for individuals and 5-6% for companies.
2. The tax rate for renting out a house in China is typically 20% of the rental income.
3. The top 5 most popular regions to live in China are:
- Beijing
- Shanghai
- Guangzhou
- Shenzhen
- Hangzhou
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