Vietnam Clarifies Three Tax Exemption Conditions for Transfers of a Sole Home or Residential Land
Vietnam’s tax authority issued a document on November 6 outlining personal income tax exemptions for property transfers, inheritances and gifts. To qualify for an exemption when transferring their sole home or residential land in Vietnam, individuals must meet three conditions: own only one such property, have held the right for at least 183 days, and transfer it in full.
