Revenue Law, The Main Parameters Of The Application Of Real Estate Valuation

Along with the development of market economy, the income approach that can depict real estate as an investment channel has been used widely. However, there also exist some problems to be studied further. For example, the connotation and extension of net income and the capitalization rate have not been agreed on.This paper analyzes major problems in the practice of real estate appraisal from the perspective of theory and practice, explains the treatment of various property, including returns from intangible property, from capital and from chattel, discusses the problem of matching between the capitalization rate and net income. This paper also uses examples to define the content of various income from real estate and expenses to be deducted so that the outcome of the appraisal will be as veracious as possible.This paper provides its own view on the definition and treatment of various property such as intangible property and chattel property, concludes the contents of income from various real estates and expenses to be deducted, and applies and explains in real cases.