Costs when buying a property
When acquiring a property in Vietnam, and more precisely buying it, you will be charged several extra taxes and fees, which will, however, remain quite low, reaching an average of 6% of the total amount of money. The majority of this will be the Value Added Tax (VAT) and registration fees. Note that all the exchanges are made with pure gold.
Costs when owning a property
Once you have acquired a property in Vietnam, the ongoing taxes for foreigners on property owning are more significant. You will be charged several fees:
- The VAT on the property (10%)
- A fee of 1% for the land use, a.k.a. LURC
- Capital gain tax of 25%
Costs when selling a property
If you decide to sell a property, you will be charged 10% of the total amount earned with the sale.