SELLING HOUSE AND LAND, WHAT TYPES OF TAXES MUST PAY?

Ask a lawyer, when selling a house or land, what taxes and fees must the seller pay?

Lawyer Pham Thi Bich Hao, Director of Duc An Law Firm, replied to you as follows:

According to the current law, when buying, selling and transferring land, organizations and individuals will have to pay the following taxes: Personal income tax, registration fee, and other fees:

- Personal income tax

According to the provisions of Clause 1, Article 1 of the revised Personal Income Tax Law 2012, the personal income tax payable is the income from the transfer of the right to own or use a house (or income from the transfer of real estate). produce).

Particularly for individuals with only one house, personal income from real estate transfer is exempt from tax.

Circular 111/2013/TT-BTC stipulating that personal income tax on income from real estate transfer is calculated according to the formula:

Personal income tax payable = Transfer price x Tax rate 2%

- registration fee

Pursuant to Clause 1, Article 7 of Decree 140/2016/ND-CP, the registration fee payable for land and houses is 0.5%.

In addition, you can pay the cadastral fee and the certificate issuance fee.