What is trực tiếp bóng đá euro hôm nay disposition of land-use right? Is it subject to personal income tax in Vietnam?

What is trực tiếp bóng đá euro hôm nay disposition of land-use right in Vietnam?

Pursuant to Clause 12, Article 3 of trực tiếp bóng đá euro hôm nayLand Law 2024, trực tiếp bóng đá euro hôm nay disposition of land-use right is defined as trực tiếp bóng đá euro hôm nay disposition of land-use right from one person to another through forms such as transfer, inheritance, gifting of land use rights, or using land use rights as capital contribution.

Thus, transferring land use rights is understood as a land user (transferor) transferring their land use rights to another person (transferee).

What is trực tiếp bóng đá euro hôm nay disposition of land-use right? Is it subject to personal income tax in Vietnam? (Image from trực tiếp bóng đá euro hôm nay Internet)

Is trực tiếp bóng đá euro hôm nay disposition of land-use right subject to personal income tax in Vietnam?

According to Clause 5, Article 2 ofCircular 111/2013/TT-BTC, income from real estate transfer is trực tiếp bóng đá euro hôm nay income received from transferring real estate, which includes:

Taxable Income Items

As stipulated in Article 3 of trực tiếp bóng đá euro hôm nay Personal Income Tax Law and Article 3 of Decree No. 65/2013/ND-CP, taxable personal income includes:

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5. Income from real estate transfer

Income from real estate transfer is trực tiếp bóng đá euro hôm nay income received from transferring real estate, which includes:

a) Income from transferring land use rights.

b) Income from transferring land use rights and assets attached to trực tiếp bóng đá euro hôm nay land. Assets attached to land include:

b.1) Housing, including future-formed housing.

b.2) Infrastructure and construction works attached to trực tiếp bóng đá euro hôm nay land, including those to be formed in trực tiếp bóng đá euro hôm nay future.

b.3) Other assets attached to trực tiếp bóng đá euro hôm nay land include assets which are agricultural, forestry, and aquaculture products (such as crops and livestock).

c) Income from transferring housing ownership rights, including future-formed housing.

d) Income from transferring land lease rights, water surface lease rights.

dd) Income from capital contribution with real estate to establish an enterprise or increase business production capital of trực tiếp bóng đá euro hôm nay enterprise in accordance with trực tiếp bóng đá euro hôm nay law.

e) Income from authorizing trực tiếp bóng đá euro hôm nay management of real estate wherein trực tiếp bóng đá euro hôm nay authorized party has trực tiếp bóng đá euro hôm nay right to transfer trực tiếp bóng đá euro hôm nay real estate or holds rights akin to trực tiếp bóng đá euro hôm nay property owner as prescribed by law.

g) Other income received from transferring real estate in any form.

Regulations on housing, construction works formed in trực tiếp bóng đá euro hôm nay future as mentioned in Clause 5 of this Article follow real estate business laws.

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Therefore, income from transferring land use rightsis subject to personal income tax,unless exempted.

When is trực tiếp bóng đá euro hôm nay disposition of land-use right exempt from personal income tax ikvn?

According to Clause 1, Article 3 ofCircular 111/2013/TT-BTC(supplemented by Clause 4, Article 12 ofCircular 92/2015/TT-BTC, amended by Clause 1, Article 12 ofCircular 92/2015/TT-BTC), trực tiếp bóng đá euro hôm nay cases exempted from personal income tax when transferring land use rights are as follows:

[1] Income from transferring land use rights between: spouses; biological parents and biological children; adoptive parents and adopted children; parents-in-law and daughters-in-law; parents-in-law and sons-in-law; paternal grandparents and grandchildren; maternal grandparents and grandchildren; siblings.

Additionally, in cases where real estate is land created by trực tiếp bóng đá euro hôm nay husband or wife during marriage and is determined as trực tiếp bóng đá euro hôm nay couple's shared property, upon divorce, if this property is divided according to trực tiếp bóng đá euro hôm nay agreement or court's decision, trực tiếp bóng đá euro hôm nay division of this property is exempt from tax.

[2] Income from transferring housing, homestead land use rights, and attached assets of an individual in which trực tiếp bóng đá euro hôm nay transferor possesses only a single housing, homestead land use rights in Vietnam.

Individuals transferring housing, homestead land use rights are tax-exempt if they fulfill trực tiếp bóng đá euro hôm nay following conditions simultaneously:

- Possess only a single ownership of housing or a homestead land use right (including housing or construction works attached to that land parcel) at trực tiếp bóng đá euro hôm nay time of transfer. Specifically:

+ trực tiếp bóng đá euro hôm nay determination of housing ownership rights, homestead land use rights is based on trực tiếp bóng đá euro hôm nay Certificate of land use rights, housing ownership, and other assets attached to land.

+ In case of transferring jointly owned housing or homestead land use rights, only individuals with no housing ownership or homestead land use rights elsewhere are tax-exempt; individuals with joint ownership who have other housing ownership or homestead land use rights are not exempt.

+ For couples with joint ownership of housing, homestead land use rights, which is their only joint property, but in case either spouse has separate housing or homestead land, when transferring trực tiếp bóng đá euro hôm nay joint property, trực tiếp bóng đá euro hôm nay spouse without separate housing ownership or homestead land is tax-exempt; trực tiếp bóng đá euro hôm nay spouse with separate housing ownership or homestead land is not exempt.

- Ownership of housing, homestead land use rights counted to trực tiếp bóng đá euro hôm nay transfer date must be at least 183 days.

trực tiếp bóng đá euro hôm nay timing to determine housing ownership, homestead land use rights is trực tiếp bóng đá euro hôm nay date of issuance of trực tiếp bóng đá euro hôm nay Certificate of land use rights, housing ownership, and other assets attached to land. In cases of reissuance or renewal as stipulated by land laws, trực tiếp bóng đá euro hôm nay timing is determined according to trực tiếp bóng đá euro hôm nay original issuance of trực tiếp bóng đá euro hôm nay Certificate before reissuance or renewal.

- Transfer trực tiếp bóng đá euro hôm nay entire housing, homestead land.

In cases where individuals have trực tiếp bóng đá euro hôm nay sole or joint ownership of housing or homestead land but transfer only a portion, trực tiếp bóng đá euro hôm nay tax exemption does not apply to trực tiếp bóng đá euro hôm nay transferred portion.

Note:Transfer of future-formed housing or construction works is not eligible for personal income tax exemption.