The "value-added amount" in the formula is the balance of the taxpayer's income from the transfer of real estate after deducting the project amount, and the taxpayer's income from the transfer of real estate includes monetary income, physical income and other income.
Deduction items for calculating the value-added amount:
(1) The amount paid for obtaining the land use right;
(2) the cost and expense of land development;
(3) the cost and expenses of new houses and supporting facilities, or the evaluation price of old houses and buildings;
(4) taxes related to the transfer of real estate;
(5) Other deductions stipulated by the Ministry of Finance.
Extended data:
The introduction of land value-added tax plays an extremely important role:
(1) is conducive to strengthening the state's regulation of real estate developers and real estate trading market;
(2) Conducive to the state's suppression of land speculation and profiteering;
(3) It is conducive to increasing national fiscal revenue and accumulating funds for economic construction.
Scope of taxation:
(1) Land value-added tax only taxes the act of "transferring" the right to use state-owned land, but not the act of "transferring" the right to use state-owned land.