Is multi-spouse and children housing the ‘new normal’? 1 in 3 individuals own numerous properties
◀ anchor ▶ For the to start with time, assets stories of substantial-position public officers in the existing authorities, which includes President Yoon Seok-yeol, have been posted. An assessment of the qualities of fifty-two men and women, including workers of the presidential workplace, the prime minister, and ministers and deputy ministers, uncovered that just one […]
Property tax also fell by half – “Normalize taxation, not tax cuts for the rich”
◀ anchor ▶ The government has also decided to drastically cut the comprehensive real estate tax and property tax. If you calculate according to the government announcement, the comprehensive real estate tax that multi-homeowners will pay this year is less than half of the original tax. Although the government has announced that it is a […]
Multi-homeowners, betting on ‘house price increase’ after receiving a property tax? ‘Hold on’ until how long
Although the base date for the taxation of possession tax (property tax + comprehensive real estate tax) has passed on the 1st of next month, the transaction drought in the real estate market continues. Although the government opened the door for transactions by easing the capital gains tax for multi-homeowners, it is interpreted that they […]
New government to ease the tax burden on multi-homeowners… Time difference over real estate policy
◀ anchor ▶ The transfer tax system, which imposes a heavy tax on multi-homeowners when buying and selling houses, and the transition committee, cited the real estate policy as a representative failure of the Moon Jae-in government and urged the immediate relief of the tax burden. The government refused today, saying, ‘If you’re going to […]
Government refusal of ‘multi-housing transfer tax and exclusion plan’ … Implemented after the inauguration of the new government
The Ministry of Strategy and Finance released an unexpected press release today. Regarding the policy of ‘excluding multi-home transfer tax during and temporarily’ announced by Yoon Seok-yeol’s transition to the presidency recently, he said, “It is desirable to implement it immediately after the new government is inaugurated.” In fact, the current government has officially rejected […]
‘House price rise amid transaction cliff’ phenomenon, the only answer is easing of transfer tax for multi-home owners?
A real estate agency in downtown Seoul. [사진=연합뉴스] Ahead of the presidential election, politicians are fiddling with cards to ease capital gains tax (transfer tax) for single-homeowners and multi-homeowners. Experts agreed that a fiery level of easing is necessary to cut off the ‘phenomena’ of rising house prices even in the midst of a trade […]
Easing transfer tax for single-homeowners…W “Considering easing of multi-homeowners”
◀ anchor ▶ The National Assembly’s Planning and Finance Committee has passed a bill to amend the Income Tax Act, which raises the transfer tax standard for one homeowner from the current market price of 900 million won to over 1.2 billion won. The Democratic Party has argued that it is necessary to temporarily ease […]
Property tax of 5.7 trillion won … 89% of the tax is paid by multi-residential owners and corporations
◀ anchor ▶ Comprehensive real estate tax bills have begun to be sent out. Although the number of subjects has increased compared to last year and the amount of tax has increased, if you look inside, less than 2% of the population is an individual who pays the tax, and those who own a corporation […]
Blocking ‘tricks’ to save transfer tax after purchasing houses in unregulated areas from this year – Cheonji Ilbo
The view of the apartment complex from the Lotte World Tower Observatory Seoul Sky in Songpa-gu, Seoul. ⓒChunji Ilbo DB In order to receive the ‘temporary 2 housing’ benefit, you must have lived in the residence for an additional 2 years. [천지일보=김현진 기자] From this year, a person who owns multiple houses must meet the […]
Reduced transfer tax benefits for multi-home owners
[이코노믹리뷰=이소현 기자] Real estate measures to raise the transfer tax for multi-homeowners have been announced again. In the case of non-residents, the benefits of the special deduction for long-term holding (special deduction for long-term possession) will be reduced, and the transfer profit will be differentiated by section. The tax tightening policy has been promoted every […]
