Regarding personal income tax, Article 4 of the Law on Personal Income Tax stipulates a number of tax exemption cases. Specifically, income from real estate transfers between husband and wife; biological father, biological mother and biological child; adoptive father, adoptive mother and adopted child; father-in-law, mother-in-law and daughter-in-law; father-in-law, mother-in-law and son-in-law; paternal grandfather, paternal grandmother and grandson; maternal grandfather, maternal grandmother and granddaughter; siblings with each other...
Regarding registration fees, Clause 10, Article 10 of Decree 10/2022/ND-CP stipulates exemption from registration fees, which stipulates that houses and land received as inheritance or gifts between husband and wife; biological father, biological mother and biological child; adoptive father, adoptive mother and adopted child; father-in-law, mother-in-law and daughter-in-law; father-in-law, mother-in-law and son-in-law; paternal grandfather, paternal grandmother and grandson; maternal grandfather, maternal grandmother and grandchild; siblings who are granted a certificate of land use rights, house ownership rights and other assets attached to land by a competent state agency will be exempted from paying registration fees.
Thus, in case a biological brother transfers (buys, sells) real estate to his younger brother, he is exempt from personal income tax, but the registration fee is not exempted. The registration fee is only exempted when inheriting or giving real estate between biological siblings or between people according to the above regulations.
Minh Hoa (t/h)
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