Taxation on residents will be strengthened from the 1st of next month./Photo = News 1
From the 1st of next month, the increased comprehensive real estate tax will be applied, and the capital gains tax will be overstated.
According to the government and the real estate industry, from June 1, when the six-month grace period for the amendment to the tax law is over, the basic tax rate for one house owner’s taxation will rise from 0.5 to 2.7% to 0.6 to 3.0%.
A heavy tax is also applied to the transfer tax paid when selling a house, so the transfer tax rate for short-term holders less than one year rises from 40% to 70%, and the maximum transfer tax rate in the area subject to adjustment is up to 75%.
On the same day, the cheonsei report system (house rental report system) was also implemented in earnest, and market information was transparently disclosed as the contract amount and period, and the amount of rent increase or decrease compared to the existing contract can be identified.
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