Accordingly, in Clause 1, Article 62 of the 2023 Housing Law, investors will be exempted from land use fees and land rent for land areas subject to land use fees and land rent within the scope of investment projects to renovate and rebuild apartment buildings, including: land area for construction of existing apartment buildings, existing individual houses (if any), land area for construction of business, service, commercial, public works, land area with technical infrastructure, traffic, social infrastructure and other works, including land area with public assets within the scope of investment projects to renovate and rebuild apartment buildings.
Investors implementing investment projects to renovate and rebuild apartment buildings will enjoy a number of incentives. (Photo: ST)
Investors do not have to carry out procedures for determining land prices, calculating exempted land use fees and land rents, and do not have to carry out procedures for requesting exemption from land use fees and land rents;
Investors are also allowed to do business on the remaining residential area after resettlement arrangements and the service and commercial business area within the project. Investors of projects investing in renovation and reconstruction of apartment buildings do not have to pay land use fees or land rent when selling apartments in renovated and reconstructed apartment buildings on the land area for construction of existing apartment buildings after resettlement arrangements.
For the business area outside the exempted scope, land use fees and land rents specified in this point and point a of this clause are not required to be paid. The investor of the project to renovate and rebuild apartment buildings shall fulfill financial obligations in accordance with the provisions of the law on land;
Investors are allowed to borrow capital according to the provisions of law from land development funds and other non-budgetary state financial funds; advance funds from compensation, support and resettlement when carrying out site clearance; collect money for purchasing or leasing future housing and the area of business and commercial facilities within the project to implement the project;
At the same time, receive financial support from the local budget to build technical infrastructure and social infrastructure within the project scope according to the decision of the provincial people's council and receive tax, credit and other incentives according to the provisions of law.
Source: https://www.congluan.vn/xay-dung-cai-tao-lai-chung-cu-cu-chu-dau-tu-duoc-uu-dai-gi-post295129.html
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