What is trực tiếp bóng đá euro hôm nay second home tax? When is income from real estate transfer subject to personal income tax in Vietnam?
What is trực tiếp bóng đá euro hôm nay second home tax?
Vietnamese law currently does not have specific regulations regarding trực tiếp bóng đá euro hôm nay second home tax. However, it can be understood as a type of tax applied when a buyer purchases their second real estate property or beyond, which will be taxed at a higher rate.
Presently, several countries around trực tiếp bóng đá euro hôm nay world use trực tiếp bóng đá euro hôm nay second home tax as a tool to curb real estate speculation. In Singapore, any citizen purchasing a house must pay a fee of 20% of trực tiếp bóng đá euro hôm nay property's value for trực tiếp bóng đá euro hôm nay second house and 30% for trực tiếp bóng đá euro hôm nay third. For foreign nationals buying personal property, regardless of any house, trực tiếp bóng đá euro hôm nay payable tax rate will double to 60% from trực tiếp bóng đá euro hôm nay previous rate of 30%.
In Vietnam, on October 10, 2024, trực tiếp bóng đá euro hôm nay Ministry of Natural Resources and Environment issuedBáo cáo 245/BC-BTNMT về tìnhon trực tiếp bóng đá euro hôm nay situation of implementing trực tiếp bóng đá euro hôm nay Land Law 2024, in which, in sub-section 3, Section 6 ofReport 245/BC-BTNMT 2024, it was proposed that trực tiếp bóng đá euro hôm nay Ministry of Finance research and issue regulations on taxing trực tiếp bóng đá euro hôm nay second real estate. Simultaneously, in Official Dispatch 5333/BXD-QLN, trực tiếp bóng đá euro hôm nay Ministry of Construction also proposed taxing individuals owning multiple properties.
Note: trực tiếp bóng đá euro hôm nay information about "What is trực tiếp bóng đá euro hôm nay second home tax?" is for reference purposes only.
What is trực tiếp bóng đá euro hôm nay second home tax? When is income from real estate transfer subject to personal income tax in Vietnam? (Image from trực tiếp bóng đá euro hôm nay Internet)
When is income from real estate transfer subject to personal income tax in Vietnam?
Based on Clause 5, Article 3 of trực tiếp bóng đá euro hôm nayLaw on Personal Income Tax 2007, amended by Clause 1, Article 1 of trực tiếp bóng đá euro hôm nayLaw on Amendments to Law on Personal Income Tax 2012, it stipulates taxable income from real estate transfer as follows:
Taxable Income
...
- Income from real estate transfer, including:
a) Income from trực tiếp bóng đá euro hôm nay transfer of land use rights and assets attached to trực tiếp bóng đá euro hôm nay land;
b) Income from trực tiếp bóng đá euro hôm nay transfer of ownership or use of residential housing;
c) Income from trực tiếp bóng đá euro hôm nay transfer of land lease rights, water surface lease rights;
d) Other income received from real estate transfer in any form.
...
Additionally, based on Clause 1 and Clause 2, Article 4 of trực tiếp bóng đá euro hôm nayLaw on Personal Income Tax 2007, which stipulates tax-exempt income for certain cases of real estate transfer, as follows:
Tax-Exempt Income
- Income from real estate transfer between husband and wife; biological father, mother and biological child; adoptive father, mother and adopted child; father-in-law, mother-in-law and daughter-in-law; father-in-law, mother-in-law and son-in-law; paternal grandparents and grandchildren; maternal grandparents and grandchildren; siblings to each other.
- Income from trực tiếp bóng đá euro hôm nay transfer of residential housing, rights to use homestead land, and assets attached to trực tiếp bóng đá euro hôm nay homestead land by an individual in cases where trực tiếp bóng đá euro hôm nay individual only has one residential house, homestead land.
...
Thus, income from real estate transfer is subject to personal income tax in trực tiếp bóng đá euro hôm nay following cases:
- Income from trực tiếp bóng đá euro hôm nay transfer of land use rights and assets attached to trực tiếp bóng đá euro hôm nay land;
- Income from trực tiếp bóng đá euro hôm nay transfer of ownership or use of residential housing;
- Income from trực tiếp bóng đá euro hôm nay transfer of land lease rights, water surface lease rights;
- Other income received from real estate transfer in any form.
However, trực tiếp bóng đá euro hôm nay income from real estate transfer mentioned above does not fall under any of trực tiếp bóng đá euro hôm nay following cases:
- Income from real estate transfer between husband and wife; biological father, mother and biological child; adoptive father, mother and adopted child; father-in-law, mother-in-law and daughter-in-law; father-in-law, mother-in-law and son-in-law; paternal grandparents and grandchildren; maternal grandparents and grandchildren; siblings to each other.
- Income from trực tiếp bóng đá euro hôm nay transfer of residential housing, rights to use homestead land, and assets attached to trực tiếp bóng đá euro hôm nay homestead land by an individual in cases where trực tiếp bóng đá euro hôm nay individual only has one residential house, homestead land.
How to determine taxable income from real estate transfer in Vietnam?
Based on Article 18 ofDecree 65/2013/ND-CP, amended by Clause 11, Article 2 ofDecree 12/2015/ND-CP, it regulates taxable income from real estate transfer as follows:
- Taxable income is determined as trực tiếp bóng đá euro hôm nay transfer price per transaction.
- trực tiếp bóng đá euro hôm nay real estate transfer price is trực tiếp bóng đá euro hôm nay price recorded in trực tiếp bóng đá euro hôm nay transfer contract at trực tiếp bóng đá euro hôm nay time of transfer.
+ In cases where trực tiếp bóng đá euro hôm nay transfer contract does not record trực tiếp bóng đá euro hôm nay land price or trực tiếp bóng đá euro hôm nay land price in trực tiếp bóng đá euro hôm nay transfer contract is lower than trực tiếp bóng đá euro hôm nay price prescribed by trực tiếp bóng đá euro hôm nay provincial People's Committee, trực tiếp bóng đá euro hôm nay land transfer price shall be trực tiếp bóng đá euro hôm nay price prescribed by trực tiếp bóng đá euro hôm nay provincial People's Committee at trực tiếp bóng đá euro hôm nay time of transfer in accordance with trực tiếp bóng đá euro hôm nay provisions of trực tiếp bóng đá euro hôm nay land law.
+ In cases of transferring houses attached to land, trực tiếp bóng đá euro hôm nay value of trực tiếp bóng đá euro hôm nay house, infrastructure, and architectural works attached to trực tiếp bóng đá euro hôm nay land shall be determined based on trực tiếp bóng đá euro hôm nay property registration fee price set by trực tiếp bóng đá euro hôm nay provincial People's Committee. If trực tiếp bóng đá euro hôm nay provincial People's Committee does not have regulations on trực tiếp bóng đá euro hôm nay property registration fee price, then it shall rely on trực tiếp bóng đá euro hôm nay Ministry of Construction's regulations on housing classification, on basic construction standards, and on trực tiếp bóng đá euro hôm nay actual remaining value of trực tiếp bóng đá euro hôm nay construction on trực tiếp bóng đá euro hôm nay land.
For future-formed buildings, trực tiếp bóng đá euro hôm nay determination is based on trực tiếp bóng đá euro hôm nay contribution ratio in trực tiếp bóng đá euro hôm nay total contract value multiplied by trực tiếp bóng đá euro hôm nay property registration fee price of construction set by trực tiếp bóng đá euro hôm nay provincial People's Committee. If trực tiếp bóng đá euro hôm nay provincial People's Committee has not set trực tiếp bóng đá euro hôm nay unit price, trực tiếp bóng đá euro hôm nay applicable rate will follow trực tiếp bóng đá euro hôm nay construction investment rate of trực tiếp bóng đá euro hôm nay project announced by trực tiếp bóng đá euro hôm nay Ministry of Construction at trực tiếp bóng đá euro hôm nay time of transfer.
+ In cases of sublease where trực tiếp bóng đá euro hôm nay rental price on trực tiếp bóng đá euro hôm nay sublease contract is lower than trực tiếp bóng đá euro hôm nay price set by trực tiếp bóng đá euro hôm nay provincial People's Committee at trực tiếp bóng đá euro hôm nay time of sublease, trực tiếp bóng đá euro hôm nay sublease price shall be determined based on trực tiếp bóng đá euro hôm nay price list set by trực tiếp bóng đá euro hôm nay provincial People's Committee.
