Research for a long time

- The draft Law on Personal Income Tax is being widely consulted by the Ministry of Finance. Notably, real estate transactions held for a short period of time will be subject to high taxes.

- The taxable income of 20% is significant. High tax on real estate transfers with ownership of less than 2 years will limit speculation. When more than half of the market participants are "surfing" to make a profit, prices will be out of reach of the majority of people. Reduce speculation, real estate prices will be more accessible.

- Is that true? When the new content of the tax bill was released, many experts immediately said that the tax increase would push up real estate prices. Because according to tradition, sellers often include all costs incurred in the selling price. Tax is also a cost, so if the price is higher, the buyer will have to pay. They affirmed that this also makes the real estate market in their country less attractive compared to other countries in the region.

- Multiple opinions are always necessary to be cautious. But the expert's opinion is only trustworthy when it is objective. In reality, it is not certain that the expert does not belong to the party owning the real estate.

- The reaction of the financially strong real estate traders is worth watching. They remain calm, because according to experience, real estate taxes always take a very long time to research!

CROSSED TU

Source: https://www.sggp.org.vn/nghien-cuu-rat-lau-post805146.html