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“Tax-no cost 1.1 billion VS 1.4 billion” … 45% of the apartments in Seoul are in the Gangnam 4 region

◀ anchor ▶

Let’s just take a nearer appear at the crucial troubles that the opposition and opposition parties have not agreed on.

The governing administration has currently amended the enforcement ordinance in July and minimize the tax on the estate tax in 50 %.

What the opposition and opposition get-togethers did not agree on right now is regardless of whether or not to spend far more than this.

Now, the typical for environment tax is 1.1 billion won as the posted value, but the ruling social gathering is seeking to increase it to 1.4 billion won.

70% of these apartments are located in Seoul, and virtually fifty percent of them are positioned in the 4th district of Gangnam.

Go Eun-sang is brilliant.

◀ Report ▶

Cutting down the tax stress on one relatives property house owners was a assure manufactured by both of those opposition events through the past presidential election.

So it was uncomplicated to move a temporary tax exemption for two-family members home owners and deferred payment for very long-expression house owners and the aged.

But the crucial is distinctive.

Initially of all, the government and the ruling occasion are striving to elevate the normal for boosting the house tax on a single house owner from the present revealed rate of 1.1 billion won to 1.4 billion received by 300 million gained this 12 months.

[추경호/경제부총리]
“The special deduction volume from 1.1 billion gained desires to be changed to 1.4 billion received, or about 300 million received, to make it a 2020 load (distinctive tax).”

The marketplace price tag of an apartment is involving KRW 1.1 billion and KRW 1.4 billion.

70% of these flats are located in Seoul, and fifty percent or 45% of them are located in Gangnam 4-gu.

In accordance to the government’s approach, even a man or woman who owns an apartment value 2 billion will not have to spend the estate tax.

The authorities has already minimized the reasonable marketplace price ratio, which is the regular for setting tax, from 100% to 60% at the cabinet meeting in July.

Proprietors of one loved ones and multi-loved ones households will acquire a house tax reduction of almost 50 %.

The Democrats want to elevate it to 80%.

[홍영표/국회 기재위원 (민주당)]
“If the 40% reduction has presently been performed by the enforcement decree, I imagine we must have come to an arrangement with the opposition functions and agreed on how to modify this in standard.”

Despite the fact that no settlement was reached, the fate of the precise tax to be raised at the stop of the calendar year stays to be noticed as the opposition and opposition functions go away home.

This is Go Eun-sang from MBC News.

Online video Modifying: Jang Ye-eun

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