The buyer often requires the seller to confirm his/her single status to ensure that the house to be sold is owned by the seller. So, is a single status certificate required when buying and selling a house in Vietnam?
Parents in Vietnam have the right to transfer or donate land use rights to their children. However, Vietnamese law does not permit it in certain cases. So, what are the cases where parents are not allowed to transfer or donate the land use rights to their children?
In Vietnam, is it required to pay PIT when selling a house at a loss? This is a question that Lawnet has recently received quite a lot from our customers and members. The editorial board of Lawnet would like to clarify this issue as follows:
The land user has the right to mortgage their certificate of land use rights as a security measure. During the mortgage period, does the land user in Vietnam have the right to change the land use purpose?
Payment of land levies is one of the basic obligations of land users in Vietnam. Is it permissible to transfer the land use rights in case of failing to pay land levies?
This is a notable content stipulated in the Law on Amendments to the Law on Construction 2020, which was officially signed into law by the National Assembly on June 17, 2020, and will take effect from January 1, 2021.
Transferring or donating land use rights requires meeting legal requirements in Vietnam. If citizens arbitrarily transfer land use rights without meeting all conditions, they may face heavy penalties.
Currently, the system of legislative documents in Vietnam is constantly changing over time. Therefore, to facilitate the search for documents and the application of legal regulations on land, There are guiding documents for the 2013 Land Law (still in effect) in the table below.
This continues to be one of the notable contents in the Draft Decree on the extension of the tax and land rent payment deadlines, which is currently under public consultation and is expected to take effect from the date of signing in Vietnam.
Dear Legal Secretary,I have the following issue related to the authorization of tasks and transactions concerning real estate and would like to seek advice from the Legal Secretary.Sincerely,
Parent company: THU VIEN PHAP LUAT Ltd.
Editorial Director: Mr. Bui Tuong Vu - Tel. 028 3935 2079
P.702A , Centre Point, 106 Nguyen Van Troi, Ward 8, Phu Nhuan District, HCM City;