trực tiếp bóng đá hôm nay euroIs inheriting a house from a grandfather subject to personal income tax in Vietnam?

Is inheriting a house from a grandfather subject to personal income tax in Vietnam?

Based on trực tiếp bóng đá hôm nay euro regulations stipulated in Article 4 of trực tiếp bóng đá hôm nay euroLaw on Personal Income Tax 2007(amended by Clause 2, Article 1 of trực tiếp bóng đá hôm nay euroLuật thuế thu lịch trực tiếp bóng đá hôm nay cá nhân sửa đổi 2012 Số hiệu 26/2012/QH13and supplemented by Clause 3, Article 2 of trực tiếp bóng đá hôm nay euroLaw on Amendments to Tax Laws 2014), income exempt from tax includes:

- Income from trực tiếp bóng đá hôm nay euro transfer of real estate between husband and wife; biological parents and children; adoptive parents and adopted children; parents-in-law and daughters-in-law; father-in-law, mother-in-law, and son-in-law; paternal grandparents and grandchildren; maternal grandparents and grandchildren; siblings.

- Income from trực tiếp bóng đá hôm nay euro transfer of residential houses, homestead land use rights, and assets attached to trực tiếp bóng đá hôm nay euro homestead land of an individual in case trực tiếp bóng đá hôm nay euro individual owns only one residential house or homestead land.

- Income from trực tiếp bóng đá hôm nay euro value of land use rights allocated by trực tiếp bóng đá hôm nay euro State to individuals.

- Income from receiving inheritance or gifts as real estate between husband and wife; biological parents and children; adoptive parents and adopted children; parents-in-law and daughters-in-law; father-in-law, mother-in-law, and son-in-law; paternal grandparents and grandchildren; maternal grandparents and grandchildren; siblings.

- Income of households and individuals directly engaged in agricultural, forestry, salt production, aquaculture, and fishing activities that have not been processed into other products or are only subject to simple processing.

- Income from trực tiếp bóng đá hôm nay euro conversion of agricultural land allocated by trực tiếp bóng đá hôm nay euro State to households or individuals for production purposes.

- Income from interest on deposits at credit institutions, interest from life insurance contracts.

- Income from remittances.

- Part of trực tiếp bóng đá hôm nay euro salary paid for working at night or overtime that is higher than trực tiếp bóng đá hôm nay euro salary for working during trực tiếp bóng đá hôm nay euro day or regular hours as prescribed by law.

- Pension paid by trực tiếp bóng đá hôm nay euro Social Insurance Fund; pension paid monthly by a voluntary pension fund.

- Scholarship income, including:

+ Scholarships received from trực tiếp bóng đá hôm nay euro state budget;

+ Scholarships received from domestic and foreign organizations under trực tiếp bóng đá hôm nay euro educational promotion support programs of those organizations.

- Income from life insurance, non-life insurance contract compensation, accident compensation, state compensation, and other compensations as prescribed by law.

- Income from charity funds established or recognized by competent state agencies, operating for charitable, humanitarian purposes, and not for profit.

- Income from foreign donations for charitable and humanitarian purposes in trực tiếp bóng đá hôm nay euro form of government and non-governmental aid approved by competent state agencies.

- Income from salaries and wages of Vietnamese seamen working for foreign shipping companies or Vietnamese shipping companies engaged in international transport.

- Income of individuals who are ship owners, or individuals with trực tiếp bóng đá hôm nay euro right to use ships and work on ships, derived from providing goods and services directly serving offshore fishing and aquaculture activities.

According to trực tiếp bóng đá hôm nay euro regulation,income from inheriting a house from a grandfather is exempt from Personal Income Tax (PIT).

Is inheriting a house from a grandfather subject to personal income tax in Vietnam? (Image from trực tiếp bóng đá hôm nay euro Internet)

How to terminate taxable PIT income from inheriting a house in Vietnam?

Taxable PIT income from inheriting a house is determined following trực tiếp bóng đá hôm nay euro guidelines of Article 23 ofDecree 65/2013/ND-CPas follows:

- Taxable income from inheritance is trực tiếp bóng đá hôm nay euro value of trực tiếp bóng đá hôm nay euro inherited assets (real estate requiring registration of ownership and usage rights) that exceeds 10 million VND which trực tiếp bóng đá hôm nay euro taxpayer receives each time it occurs.

- trực tiếp bóng đá hôm nay euro determination of taxable income for inherited real estate assets must ensure suitability with trực tiếp bóng đá hôm nay euro market prices at trực tiếp bóng đá hôm nay euro time of income occurrence, in which:

+ trực tiếp bóng đá hôm nay euro land value is based on trực tiếp bóng đá hôm nay euro Land Price List prescribed by trực tiếp bóng đá hôm nay euro provincial People's Committee at trực tiếp bóng đá hôm nay euro time of receiving inheritance or gifts;

+ trực tiếp bóng đá hôm nay euro value of houses, infrastructures, and architectural constructions attached to trực tiếp bóng đá hôm nay euro land is determined according to trực tiếp bóng đá hôm nay euro house registration fee price list prescribed by trực tiếp bóng đá hôm nay euro provincial People's Committee. If trực tiếp bóng đá hôm nay euro provincial People's Committee does not have regulations on house registration fee pricing, it is based on trực tiếp bóng đá hôm nay euro Ministry of Construction’s regulations regarding house classification, standards, and basic construction norms; trực tiếp bóng đá hôm nay euro actual remaining value of constructions on trực tiếp bóng đá hôm nay euro land.

Is a grandchild inheriting a house from a grandfather exempt from registration fees in Vietnam?

Exemption from registration fees for inherited houses and land is regulated under Clause 10, Article 10 ofDecree 10/2022/ND-CPas follows:

Article 10. Exemption from registration fees

...

10. Houses, land received as inheritance or gifts between: husband and wife; biological parents and children; adoptive parents and adopted children; parents-in-law and daughters-in-law; father-in-law, mother-in-law, and son-in-law*; paternal grandparents and grandchildren; maternal grandparents and grandchildren; siblings now being granted land use rights certificates, residential house ownership, and other assets attached to land by competent state agencies.*

...

Thus, in trực tiếp bóng đá hôm nay euro case of inheriting a house from a grandfather,trực tiếp bóng đá hôm nay euro registration fee is not required.