Vietnam exempts tax on sale of sole residential property for individuals

Vietnam's government issued Decree No. 253/2026, effective 1 July 2026, to exempt personal income tax on the sale of an individual's only house or land parcel. The exemption applies only when the seller owns a single residential property at the time of transfer, has held the title for at least 183 days, and transfers the entire asset.

The relief does not cover future‑built homes, partial sales, or cases where the seller jointly owns additional property. Joint owners must be spouses without other holdings to qualify. Incorrect self‑declarations can trigger tax recovery and penalties. The decree also lists family‑related transfers—such as gifts, inheritances, and divorce settlements—that are tax‑free.