Proposal to tax unused real estate

That is one of the solutions recently proposed by the Ministry of Construction to limit speculation and inflation of real estate prices.

The Ministry of Construction proposes taxing unused real estate to prevent speculation - Photo: NAM TRAN

In the announcement of real estate market information for the second quarter of 2025, the Ministry of Construction has proposed a series of solutions to develop a stable market, develop social housing, remove obstacles in backlogged real estate projects, and rectify the auction of land use rights.

Accordingly, the Ministry of Construction requested the Ministry of Finance to study and propose tax policies for unused housing and real estate; collect tax on the price difference between land use fees and real estate product selling prices of projects; collect tax on the difference between transactions to avoid speculation and real estate price inflation.

In addition, the Ministry also requested the Ministry of Finance to continue reviewing and classifying difficulties and problems related to projects to synthesize and report to the Prime Minister's Steering Committee to resolve difficulties and problems of backlogged projects, including real estate projects.

Propose that the Ministry of Finance coordinate with the Ministry of Construction and relevant ministries to research and implement digital transformation to connect procedures from real estate transactions, notarization, tax and land transaction registration in the electronic environment.

The Ministry of Construction also said that in the coming time, the ministry will study and review legal regulations on planning, construction, land, housing, and real estate business to propose amendments suitable to reality to create conditions for real estate market development, meet the requirements of implementing the policy of organizing two-level local government, and cutting administrative procedures.

Regarding social housing development, the Ministry of Construction will inspect and supervise localities to accelerate planning work and create land funds to develop housing projects, especially social housing projects in urban areas and industrial parks; and study and develop a Government decree detailing the establishment of the National Housing Fund.

Continue to complete the pilot project of the real estate transaction center model and land use rights managed by the State, report to the Government for submission to competent authorities for consideration and decision; complete the information system on housing and real estate market; ensure a clean, effective database and connection with population data.

Solving problems in land valuation

For the Ministry Agriculture and Environment, the Ministry of Construction proposed to review the provisions of the Land Law to report to the Government, the Prime Minister, and submit to competent authorities for amendments to meet practical requirements, resolve difficulties in land use fee valuation; rectify the phenomenon of manipulation, price inflation, and disturbance in land use rights auction activities.

Besides, direct and coordinate with the People's Committees of provinces and centrally-run cities to strengthen inspection, examination, land price determination activities, issuance of land price lists, compensation, site clearance, land use rights auctions...

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Source: https://tuoitre.vn/de-xuat-danh-thue-nha-dat-khong-su-dung-20250728211848398.htm