When you purchase back the property at the conclusion of the contract, you must finish the tax payment, which is also the final step towards fulfilling your goal of homeownership! The taxes are charged as a 10% value-added tax (VAT) on the property's construction costs.
When a firm sells a property, VAT is applied. In this scenario, Homebase will transfer the title to you when you have paid in full and VAT has been applied. VAT is only charged on the construction price, which is 10% of the building work's value (For example, housing and land are only calculated on the value of the house, not the land price).
Get started on your pathway to homeownership by applying to us here.
Should you still have questions, do not hesitate to shoot us an email at firstname.lastname@example.org or phone/Whatsapp/Zalo at (+84) 964 245 404.