I deed tax paid by real estate enterprises
1. If the land is developed after purchase, it will be treated as the development cost.
Borrow: development cost-compensation for land transfer and demolition
Loans: bank deposits
2. If the land is only used as a land reserve after purchase, it will be treated as an intangible asset.
Borrow: intangible assets-land use right
Loans: bank deposits
The second is the deed tax paid by other enterprises.
Borrow: intangible assets-land use right
Loan: accounting treatment of deed tax on bank deposits
The deed tax that an enterprise should pay for housing ownership, whether it is paid or not, should be included in the value of fixed assets according to regulations.
Shareholders increase capital or contribute capital with real estate: by: fixed assets.
Loan: paid-in capital (or equity)
Capital reserve-capital premium (or equity premium)
When paying the deed tax, borrow: other payables-deed tax (assuming ownership, pay the deed tax in one lump sum, which is not included in the tax payable) and borrow: bank deposit.
When receiving the deed tax payment certificate, borrow: fixed assets.
Loan: other payables-deed tax
If the deed tax is paid directly by bank deposit or cash, when obtaining the tax payment certificate, it shall be borrowed from fixed assets.
Loan: bank deposit/cash
Data expansion:
What are the taxes paid by real estate development enterprises?
There are many taxes involved in real estate development enterprises, mainly including deed tax, property tax, urban land use tax, value-added tax, urban maintenance and construction tax, education surcharge, land value-added tax, farmland occupation tax, stamp duty, personal income tax and enterprise income tax.
This article was compiled and published by Chen Jiao, a teacher of accounting school.