Including, according to the inquiry of accounting school. According to the "Notice of the Ministry of Finance and the State Administration of Taxation on Specific Issues Concerning Land Value-Added Tax" (Caishuizi [1995] No. 48): "9. Regarding the issue of deducting stamp tax paid when calculating the value-added amount, the deduction is allowed as specified in the detailed rules. Stamp tax refers to the stamp tax paid when transferring real estate. According to the relevant provisions of the "Financial System for Construction and Real Estate Development Enterprises", the stamp tax paid by real estate development enterprises is included in the management expenses and has been deducted accordingly.