契税 is a one-time tax paid at property purchase based on the price and the buyer's situation. Mainland rates are tiered: typically 1% for a first home under 90 m², 1.5% for 90-144 m², 3% for second homes or larger units. Companion costs:
印花税 (yìnhuāshuì, stamp duty),
增值税 (zēngzhíshuì, VAT, on resales).
