收益法持有加转售模式中转售成本扣除的探讨

Discussion on the Deduction of Resale Costs in the Income Method Holding Plus Resale Model

自新的《房地产估价规范》实施后,收益法的持有加转售模式在估价实践中被广泛采用,但在确定期末转售价格的转售成本时,往往存在不区分不同估价目的对应的估价结果价格内涵情况,扣除的转售成本组成千篇一律且不合理,甚至与采用的另外一种估价方法的价格口径不对应。本文从持有加转售模式收益法的理论、房地产价格的组成、不同估价方法估价结果价格内涵口径的对应性等角度,分析探讨期末转售价格的转售成本是否应该扣除以及如何扣除,为合理确定评估结果提供参考,也以此抛砖引玉,引起大家的共同探讨。

Since the implementation of the new “ Code for real estate appraisals”,the holding and resale model of the income method has been widely adopted in valuation practice.However,when determining the resale cost of the resale price at the end of the period,there is often a situation where the connotation of the valuation results corresponding to different valuation purposes is not distinguished,and the deducted resale cost composition is uniform and unreasonable,and even does not correspond to the price caliber of another valuation method used.This article analyzes and explores whether the resale cost of the resale price at the end of the period should be deducted and how to deduct it from the perspective of the theory of the holding plus resale model income method,the composition of real estate prices,and the correspondence between the connotation and caliber of valuation results using different valuation methods.This provides a reference for reasonably determining the valuation results,and also serves as a starting point for discussion.