Do I need to pay taxes when converting allocated land into land transfer in Guangdong? How are taxes calculated?

Allocated land use rights refer to state-owned land use rights obtained by land users in accordance with the law through various methods other than transferring land use rights. Each local land and resources department will classify land according to its natural and economic attributes, and determine various types of land of different natures based on the grades. So, does Guangdong need to pay taxes when converting allocated land into land for transfer?

Allocated land use rights refer to state-owned land use rights obtained by land users in accordance with the law through various methods other than transferring land use rights. Each local land and resources department will classify land according to the natural and economic attributes of the land, and determine various types of land of different natures based on the grades. So, do you need to pay taxes when converting allocated land in Guangdong to transferred land? Do you need to pay taxes when converting allocated land in Guangdong to transferred land? Let’s take a look at how taxes and fees are calculated.

Is it necessary to pay taxes when Guangdong’s allocated land is converted into land transfer?

1. Taxes are required to transfer the allocated land to Guangzhou land transfer. The fee standards are as follows: transfer fee: no less than 40% of the benchmark land price or parcel appraisal price; business tax: no less than the benchmark land price. Or 7.5% of the appraised value of the parcel; Deed tax: not less than the benchmark land price or 4% of the appraised price of the parcel; Transaction fee: 2,600 yuan per parcel.

2. The standard land transfer price in some places in Guangzhou is 252 yuan/square meter. In addition, taxes that may be levied: stamp tax is 5 yuan; urban maintenance and construction tax: 7% of business tax; surcharge: business tax 3 %.

3. Different scope of use: Guangzhou’s allocated land is policy land and can generally only be used for public welfare undertakings and infrastructure construction projects, etc., and is not used for other commercial purposes. Currently, the land allocated for affordable housing construction is also used for policy purposes. Obtained by transfer.

How are taxes and fees calculated when Guangdong’s allocated land is converted into land transfer?

1. The land use right was obtained through allocation, and upon approval, it was changed to the transfer method in Guangzhou. The land use right was first obtained through allocation, and then the land use right was obtained through transfer after approval. If the land transfer right is obtained, the deed tax shall be paid in accordance with the law, and the basis for calculating the tax shall be the land transfer fee and other transfer fees that should be paid back.

2. The main difference between the two is that the use period is different. Guangzhou’s allocated land use rights have no limit on the use period. Therefore, unless the government needs to take back the land use rights due to planning changes or the land user wants to transfer the land and above-ground buildings, which users can use indefinitely.

3. The transfer of land use rights is subject to the Guangzhou land use period limit. For example, the useful life of ordinary residential land is 70 years, commercial land is 40 years, comprehensive land is 50 years, etc. After the use period expires, the state can take back the land use rights free of charge.

4. Transfer conditions are different: the transfer of Guangzhou’s allocated land must be approved by the agency that originally approved the use of the land. The transfer of affordable housing must also pass a certain period of time, and the land use right transfer fee must be compensated during the transfer. There are no such restrictions on the transfer of land and commercial housing, and the compensation standards are different: if the government demolishes the land, the compensation fee for the transferred land is much higher than the compensation fee for the allocated land.

The above is what I have learned for you. Is it necessary to pay taxes when Guangdong’s allocated land is converted into transferred land? How is the tax and fee calculated when Guangdong’s allocated land is converted into transferred land? I believe that after reading the above content, you will have a clear understanding of the specifics. You should have a certain understanding of taxes and fees, so that everyone can know how to deal with the same situation in the future. The allocation of land use rights refers to the legal approval by the people's government at or above the county level to hand over the land to the land users for use after they pay compensation, resettlement and other fees.