"(Cai Fa Zi [1995] No.6)
Article 7 The deduction items for calculating the added value listed in Article 6 of the Regulations are as follows:
(3) The expenses of land development, new houses and supporting facilities (hereinafter referred to as real estate development expenses) refer to the sales expenses, management expenses and financial expenses related to real estate development projects.
Interest expenses in financial expenses,
Where the allocation can be calculated according to the transfer of real estate projects and the proof of financial institutions is provided, the deduction is allowed according to the facts, but the maximum amount shall not exceed the amount calculated according to the loan interest rate of commercial banks for the same period.
. Other real estate development expenses shall be deducted within 5% of the sum of the amounts calculated in Items (1) and (2) of this article.
Who can't share the interest expenses according to the real estate project transfer or can't provide proof of financial institutions.
The real estate development expenses shall be deducted within 10% of the sum of the amounts calculated in items (1) and (2) of this article.
The specific proportion of the above deduction shall be stipulated by the people's governments of all provinces, autonomous regions and municipalities directly under the Central Government.
According to the provisions of the above documents, the interest paid by your company on the loan obtained through the bank entrusted loan can be deducted when calculating the land value-added tax according to the provisions on the premise of meeting the above conditions.