Accounting For Land Value Added Tax Of Enterprises Engaged In Main Real Estate Business

The main business of the real estate business is the pfer of real estate, the sale of real estate in real estate, and the pre-sale of commercial housing.

1. spot real estate sales.

In the case of spot real estate sales, the account shall be confirmed when sales of real estate are received, the pfer of real estate has been handed over, and the invoicing settlement bill is submitted to the purchaser. The account shall be debited, such as "bank deposits" and so on, and the account of "operating income" or "business income" shall be credited. At the same time, the land value-added tax that should be borne by the current business income shall be calculated, and the account of "operating tax and additional", "business tax and additional" and "business tax" shall be debited, and the account payable should be credited to the land value-added tax account.

The exam is with you.

Example: a real estate development company has built and sold an office building with a pfer income of 80 million yuan (7% of the urban construction tax rate, 3% of the additional education fee and 0.5 of stamp duty rate).

The expenses related to the development of the office are as follows: the land price paid by the land use right and the relevant fees paid by the state uniform regulations are 8 million yuan; the real estate development cost is 220 million 70 thousand yuan; the company can not share the interest expense of the bank loan on the basis of the office building at the same time because it builds other commercial houses at the same time.

The proportion of the cost deducted by the government of the company's location is 10%.

The company pfers the value added tax payable to the office as follows:

(1) the income of the pfer of real estate is determined to be 80 million yuan.

(2) determine the amount of deductions for the pfer of real estate:

(1) the amount paid for obtaining the right to use land is 8 million yuan.

2. The development cost of real estate is 22 million yuan.

(3) the cost of real estate development is: (8002200) x 10%=300 (10000 yuan)

(4) the tax related to the pfer of real estate is 8000 x 5% x (17%3%) =440 (10000 yuan).

(5) the deduction for the development of real estate is: (8002200) x 20%=600 (10000 yuan)

The deduction amount is 8002200300440600=4340 (10000 yuan).

(3) the added value of the pfer of real estate is 8000-4340=3660 (10000 yuan).

(4) the ratio of value-added to deducting the item amount is: 3660, 4340, 100%, 84.33%

(5) the amount of land increment tax payable is 3660 x 40%-4340 x 5%=1247 (10000 yuan).

The accounting treatment of the real estate development company's pfer of the office is as follows:

(1) confirm the sales realization:

Borrow: bank deposit 80000000

Loan: operating income 80000000

(2) when the land value added tax is payable,

Borrow: business tax and add 12470000

Loan: tax payable - land value added tax payable 12470000

In the case of spot real estate sales, the sale of real estate by credit sale and installment receipts shall be confirmed according to the time stipulated in the contract, and the sale proceeds shall be carried out at a time.

When the sale is realized, the account of bank deposits or accounts receivable should be debited, the account of "operating income" or "business income" should be credited, and the land value-added tax that should be borne by the current operating income should be calculated.

And other accounts, crediting the "payable tax payable to the land appreciation tax" account.

2. commercial housing pre-sale business.

The account is credited to the "accounts receivable" account; when the land value-added tax is prepaid in accordance with the regulations, the account shall be debited, payable to the land increment tax account, and credited to the account "bank deposit"; when the commodity house is delivered, the invoice shall be made to the buyer when the invoice is paid to the buyer, and the sale shall be confirmed, and the account of the "advance account" shall be debited, and the account of "operating income" or "business income" shall be credited. At the same time, the land value added tax payable by the current business income shall be calculated, and the account of "operating tax and additional", "business tax and additional" and "business tax" shall be debited, and the account payable shall be credited to the "land tax payable" account. In the case of pre-sale of commercial housing, once the commercial housing is delivered or used, it will be collected once or twice.

The project was completed.

After the liquidation, the enterprise receives the land value added tax which is returned to excess, debit "bank deposit" and other accounts, and credits the "payable tax payable to the land increment tax" account. The land value-added tax paid is the opposite accounting entry.

Example: a real estate development company developed and built a number of commercial residential buildings, and sold a number of commercial housing before the completion of the project settlement.

1 million 500 thousand yuan.

After the completion of the project settlement, the total income of the commodity houses will be pferred to 35 million yuan, and the approved deduction amount is 20 million yuan. Then the land value-added tax, the tax to be paid (or returned) should be paid and the accounting treatment is as follows:

(1) when the real estate is not fully completed for settlement, the land value added tax shall be paid in advance.

Borrowing: tax payable - land value added tax payable 1500000

Loan: bank deposit 1500000

(2) after the completion of the project settlement, the land value added tax is payable.

Appreciation amount =3500-2000=1500 (10000 yuan)

Appreciation rate =15002000 * 100%=75%

The amount of tax payable is =1500 * 40-2000 x 5%=500 (10000 yuan).

Borrow: business tax and add 5000000

Loan: tax payable - land value added tax payable 5000000

(3) when the land value-added tax is paid,

The tax should be =500-150=350 (10000 yuan).

Borrowing: tax payable - land value added tax payable 3500000

Loan: bank deposit 3500000