Due to various costs and expenses of real estate development, accounting is rather troublesome, so real estate development enterprises need to pay special attention to land value-added tax liquidation, especially when adding 20% deduction.
First, the deed tax paid when obtaining the land use right can be included in the deduction base. The deduction of deed tax paid by a real estate development enterprise when it obtains the land use right is stipulated in Article 5 of the Notice of State Taxation Administration of The People's Republic of China, People's Republic of China (PRC) on Issues Related to Land Value-added Tax Liquidation (Guo [2010] No.220):
The deed tax paid by the real estate development enterprise for obtaining the land use right shall be regarded as "related expenses paid in accordance with the unified provisions of the state" and deducted from the "price paid for obtaining the land use right".
Second, whether the decoration cost can be deducted depends on the situation. Item (4) of Article 4 of the Notice of State Taxation Administration of The People's Republic of China, People's Republic of China (PRC) on Issues Related to Land Value-added Tax Liquidation Management of Real Estate Development Enterprises (Guo Shui Fa [2006]187) stipulates that the renovation expenses of houses renovated by real estate development enterprises can be used as deduction items of land value-added tax and included in the cost of real estate development.
Three, the old house transfer deduction rate plus 5% per year.
Fourth, the cost of marketing facilities such as sales department and model house built by real estate enterprises should be handled according to different situations.
Extended data:
Tax relief
1, statutory tax deduction. The following items allow taxpayers to deduct when calculating the land value-added tax:
(1) Amount paid for obtaining land use right. That is, the land price paid by taxpayers to obtain the right to use the land and the related expenses paid in accordance with the unified provisions of the state;
(2) the cost of land development and new houses and supporting facilities. Refers to the actual cost of taxpayers' real estate development projects. Specifically, it includes: compensation fees for land acquisition and demolition, preliminary engineering fees, construction and installation engineering fees, infrastructure fees, public facilities fees, and indirect development fees;
(3) the cost of land development and new houses and supporting facilities. Including sales expenses, management expenses and financial expenses related to real estate development projects. (refers to real estate development expenses)
Interest expenses in financial expenses shall be calculated at a rate not exceeding the loan interest rate of commercial banks for the same period and deducted according to the facts. Other real estate development expenses shall be deducted by 5% of the sum of the payment of land use right transfer fee and the actual cost of real estate development projects.
If the interest expense cannot be calculated according to the real estate project or the financial institution certificate cannot be provided, the real estate development expense shall be deducted within 65,438+00% of the sum of items (65,438+0) and (2) of this article;
(4) Evaluation price of old houses and buildings. Refers to the replacement cost price assessed by the real estate appraisal agency confirmed by the tax authorities multiplied by the new discount rate;
(5) Taxes related to real estate transfer. Refers to the business tax, urban maintenance and construction tax, stamp duty and education surcharge paid when transferring real estate;
(6) Other deductions as stipulated by the Ministry of Finance. Taxpayers engaged in real estate development can deduct 20% according to items (1) and (2) of this article, that is, the sum of the transfer amount of land use right and the actual cost of real estate development projects.
Article 6 of the Provisional Regulations on Land Value-added Tax in People's Republic of China (PRC) and Article 7 of the Detailed Rules for the Implementation of the Provisional Regulations on Land Value-added Tax in People's Republic of China (PRC).
2. Deduction of collection fees. The people's governments at or above the county level require real estate development enterprises to charge various fees in the era of selling houses. If the fees are included in the house price and charged to the buyers together, they can be used as tax revenue for the transfer of real estate and deducted accordingly when calculating the amount of deduction items. But it shall not be used as the base of 20% deduction.
Notice of the Ministry of Finance of State Taxation Administration of The People's Republic of China on Some Specific Issues Concerning Land Value-added Tax (Caishuizi [1995] No.48)
Baidu encyclopedia-land value-added tax
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