Personal sublet housing income to pay a tax

State administration of taxation: sublet housing paid by the rent allowed before the personal income tax deduction n Xinhua News reporter 26th from the National administration of taxation, to standardize and strengthen the personal income tax management, the general administration of Taxation recently issued a notice, clear individual sublet housing Income collection personal income tax.　　At present, some taxpayers for profit or other purposes, the leased House sublet to the third party to earn the rent difference occurs, in response to such phenomena, the general administration of taxation in accordance with the current personal income tax related policy provisions on the relevant issues are clear. The notice said that the individual will rent the leased house rental income, is a personal income tax taxable income, should be "Property rental income" project calculation to pay personal income tax. Considering that the rent paid by the individual sublet is the cost of the property lease, the notice expressly stipulates that the rent paid by the Sublet house is allowed to be deducted before the personal income tax. "To facilitate the management and blockage of loopholes, the notice requires the taxpayer to submit the lease contract and the legal credentials to pay the rent, otherwise, not allowed to deduct rent." "The relevant director of the administration of taxation said. In addition, in order to facilitate the convergence of the policy, the notice also on the property lease income tax deduction before the deduction of the order of the issue has also been clear, namely: in the calculation of the personal income tax on property leasing, should first deduct the property leasing process of the tax payment;　　Third deduction of the cost of repairs to the actual expenses of the leased property, which is borne by the taxpayer; Finally, deduct the standard of fee deduction stipulated in the tax law, that is, after the deduction, if the balance is less than 4000 yuan, then subtract 800 yuan, if the balance exceeds 4000 yuan, subtract 20%. "This regulation not only regulates the tax policy, reduces the tax burden of subletting the individual tenant house, but also regulates the tax administration and helps to reduce the tax loss." The official said.