Is vtv5 trực tiếp bóng đá hôm nay income from transfer of residential houses by individuals who have only one residential house considered a taxable income in Vietnam?
Is vtv5 trực tiếp bóng đá hôm nay income from transfer of residential houses by individuals who have only one residential house considered a taxable income in Vietnam?
Based on Clause 2, Article 4 of vtv5 trực tiếp bóng đá hôm nay2007 Law on Personal Income Tax, vtv5 trực tiếp bóng đá hôm nay regulations are as follows:
Income Exempt from Tax
- Income from transferring real estate between spouses; biological parents and their 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 with each other.
- Income from vtv5 trực tiếp bóng đá hôm nay transfer of residential houses, vtv5 trực tiếp bóng đá hôm nay right to use homestead land, and assets attached to homestead land of an individual in cases where vtv5 trực tiếp bóng đá hôm nay individual owns only one residential house or homestead land.
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Concurrently, according to vtv5 trực tiếp bóng đá hôm nay provisions at Point b, Clause 1, Article 3 ofCircular 111/2013/TT-BTC, amended by Clause 1, Article 12 ofCircular 92/2015/TT-BTC, it is stipulated as follows:
Income Exempt from Tax
- Based on vtv5 trực tiếp bóng đá hôm nay provisions of Article 4 of vtv5 trực tiếp bóng đá hôm nay Law on Personal Income Tax and Article 4 of Decree No. 65/2013/ND-CP, income exempt from tax includes:
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b) Income from vtv5 trực tiếp bóng đá hôm nay transfer of residential houses, vtv5 trực tiếp bóng đá hôm nay right to use homestead land, and assets attached to homestead land of an individual in cases where vtv5 trực tiếp bóng đá hôm nay transferor owns only one house or one parcel of homestead land in Vietnam.
b.1) An individual transferring residential houses or vtv5 trực tiếp bóng đá hôm nay right to use homestead land is exempt from tax according to vtv5 trực tiếp bóng đá hôm nay guidelines at Point b, Clause 1 of this Article, provided that they meet vtv5 trực tiếp bóng đá hôm nay following conditions simultaneously:
b.1.1) Only owning vtv5 trực tiếp bóng đá hôm nay right to one residential house or vtv5 trực tiếp bóng đá hôm nay right to use one parcel of homestead land (including houses or structures built on that parcel) at vtv5 trực tiếp bóng đá hôm nay time of transfer. Specifically:
b.1.1.1) vtv5 trực tiếp bóng đá hôm nay determination of ownership rights over residential houses and homestead land usage rights is based on vtv5 trực tiếp bóng đá hôm nay Certificate of Land Use Rights, Ownership of Residential Houses, and other assets attached to vtv5 trực tiếp bóng đá hôm nay land.
b.1.1.2) In cases where residential houses have joint ownership or homestead land has joint usage rights, only individuals without ownership rights over other residential houses or usage rights over other homestead land are exempt from tax; individuals with joint ownership over residential houses or usage rights over homestead land who have rights to other residential houses or homestead land are not exempt from tax.
b.1.1.3) In cases where spouses have joint ownership over residential houses or homestead land which is their only jointly owned property, if vtv5 trực tiếp bóng đá hôm nay wife or husband has other separate residential houses or homestead land, vtv5 trực tiếp bóng đá hôm nay wife or husband who does not have separate residential houses or homestead land is exempt from tax during vtv5 trực tiếp bóng đá hôm nay transfer; vtv5 trực tiếp bóng đá hôm nay spouse with separate residential houses or homestead land is not exempt from tax.
b.1.2) Possession of ownership of vtv5 trực tiếp bóng đá hôm nay residential house and usage rights over homestead land for at least 183 days up to vtv5 trực tiếp bóng đá hôm nay point of transfer.
vtv5 trực tiếp bóng đá hôm nay time for determining ownership rights over residential houses and usage rights over homestead land is vtv5 trực tiếp bóng đá hôm nay issuance date of vtv5 trực tiếp bóng đá hôm nay Certificate of Land Use Rights, Ownership of Residential Houses, and other assets attached to vtv5 trực tiếp bóng đá hôm nay land. For cases of re-issuance or amendment per land laws, vtv5 trực tiếp bóng đá hôm nay determination time follows vtv5 trực tiếp bóng đá hôm nay issuance date of vtv5 trực tiếp bóng đá hôm nay original Certificate before re-issuance or amendment.
b.1.3) Transfer of vtv5 trực tiếp bóng đá hôm nay entire residential house and homestead land.
In cases where individuals have vtv5 trực tiếp bóng đá hôm nay sole right or joint right of ownership over residential houses or usage rights over homestead land but transfer only part of it, they will not be exempt from tax for vtv5 trực tiếp bóng đá hôm nay part transferred.
b.2) Exemption for vtv5 trực tiếp bóng đá hôm nay sole residential house or homestead land is self-declared by vtv5 trực tiếp bóng đá hôm nay individual transferring vtv5 trực tiếp bóng đá hôm nay property and they are responsible for its accuracy. If any discrepancy is discovered, tax will be retroactively collected and penalties imposed according to tax administration laws.
b.3) Transfer of residential houses or construction works formed in vtv5 trực tiếp bóng đá hôm nay future is not exempt from personal income tax under vtv5 trực tiếp bóng đá hôm nay guidelines at Point b, Clause 1 of this Article.
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Therefore, an individual selling their sole house will not have to pay personal income tax if they meet vtv5 trực tiếp bóng đá hôm nay following conditions:
- Sole ownership of one residential house or one parcel of homestead land (including houses or structures on vtv5 trực tiếp bóng đá hôm nay parcel) at vtv5 trực tiếp bóng đá hôm nay time of transfer;
- Possession of ownership over vtv5 trực tiếp bóng đá hôm nay residential house and usage rights over homestead land for at least 183 days up to vtv5 trực tiếp bóng đá hôm nay point of transfer;
- Must transfer vtv5 trực tiếp bóng đá hôm nay entire residential house and homestead land.
Note:
- Exemption for vtv5 trực tiếp bóng đá hôm nay sole residential house or homestead land is self-declared by vtv5 trực tiếp bóng đá hôm nay individual transferring vtv5 trực tiếp bóng đá hôm nay property and they are responsible for its accuracy. If any discrepancy is discovered, tax will be retroactively collected and penalties imposed according to tax administration laws.
- Transfer of sole residential houses formed in vtv5 trực tiếp bóng đá hôm nay future will not be exempt from personal income tax.
Is vtv5 trực tiếp bóng đá hôm nay income from transfer of residential houses by individuals who have only one residential house a taxable income in Vietnam? (Image from vtv5 trực tiếp bóng đá hôm nay Internet)
Is income from vtv5 trực tiếp bóng đá hôm nay transfer of off-plan housingconsidered a taxable income in Vietnam?
Based on Subpoint b.1, Point b, Clause 5, Article 2 ofCircular 111/2013/TT-BTC, it is stipulated about taxable income for personal income tax as follows:
Taxable Income
According to Article 3 of vtv5 trực tiếp bóng đá hôm nay Law on Personal Income Tax and Article 3 of Decree No. 65/2013/ND-CP, taxable income includes:
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5. Income from property transfers
Income from property transfers refers to income received from vtv5 trực tiếp bóng đá hôm nay transfer of property, including:
a) Income from vtv5 trực tiếp bóng đá hôm nay transfer of land use rights.
b) Income from vtv5 trực tiếp bóng đá hôm nay transfer of land use rights and assets attached to vtv5 trực tiếp bóng đá hôm nay land. Assets attached to vtv5 trực tiếp bóng đá hôm nay land include:
b.1) Residential houses, including off-plan housing.
b.2) Infrastructure and construction works attached to vtv5 trực tiếp bóng đá hôm nay land, including construction works formed in vtv5 trực tiếp bóng đá hôm nay future.
b.3) Other assets attached to vtv5 trực tiếp bóng đá hôm nay land, including agricultural, forestry, and fishery products (such as plants and animals).
c) Income from vtv5 trực tiếp bóng đá hôm nay transfer of ownership rights of residential houses, including off-plan housing.
d) Income from vtv5 trực tiếp bóng đá hôm nay transfer of leasing rights over land or water surfaces.
dd) Income from capital contribution by real estate to establish a business or capitalize business operations according to vtv5 trực tiếp bóng đá hôm nay law.
e) Income from assigning property management rights where vtv5 trực tiếp bóng đá hôm nay assignee has vtv5 trực tiếp bóng đá hôm nay right to transfer property or ownership rights similar to that of vtv5 trực tiếp bóng đá hôm nay property owner according to vtv5 trực tiếp bóng đá hôm nay law.
g) Other income received from property transfers in any form.
Regulations on off-plan housing and construction works stated in Clause 5 of this Article are executed according to real estate business laws.
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Therefore, income from vtv5 trực tiếp bóng đá hôm nay transfer of off-plan housing is subject to personal income tax.
What is vtv5 trực tiếp bóng đá hôm nay personal income tax rate for residential house transfers in Vietnam?
Based on Clause 2, Article 12 ofCircular 111/2013/TT-BTC, amended by Article 17 ofCircular 92/2015/TT-BTC, vtv5 trực tiếp bóng đá hôm nay regulations are as follows:
Tax Base for Income from Real Estate Transfers
vtv5 trực tiếp bóng đá hôm nay tax base for income from real estate transfers is vtv5 trực tiếp bóng đá hôm nay transfer price each time and vtv5 trực tiếp bóng đá hôm nay tax rate.
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2. Tax Rate
vtv5 trực tiếp bóng đá hôm nay tax rate for real estate transfers is 2% of vtv5 trực tiếp bóng đá hôm nay transfer price or sublease price.
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Therefore, vtv5 trực tiếp bóng đá hôm nay tax rate for real estate transfers in general and residential houses, in particular, is 2% of vtv5 trực tiếp bóng đá hôm nay transfer price or sublease price.
