Tip: If the renovation cost increases the original value of the house by more than 50%, the input tax can be deducted from the output tax in two years.
The original value of real estate refers to the original purchase price or pricing when obtaining real estate.
The goods purchased for deduction of output tax in two years refer to the materials and equipment that constitute the real estate entity, including building decoration materials and water supply and drainage, heating, sanitation, ventilation, lighting, communication, gas, fire protection, central air conditioning, elevators, electric power, intelligent building equipment and supporting facilities.
Therefore, the decoration cost of the house depends on whether the house is purchased or rented by itself. The property right of the house is owned by itself, and it shall be implemented according to the relevant provisions of the People's Republic of China (PRC) State Taxation Administration of The People's Republic of China BulletinNo. 16. If it is a rental house, it does not need to be deducted by stages, and its VAT input tax can be deducted by one-time certification.