<Anchor>

The result of a survey on real estate transactions in Seoul was the second time since November last year. There were still many suspected tax evasions using so-called 'parent chances', including insisting that parents handed homes to children or rented them.

I am a reporter.

<Reporter>

Mr. A, in his 20s, bought an apartment in Seocho-gu, Seoul for 1.7 billion won last October for 1.2 billion won.

Mr. A's parents sold their children 500 million won less than the market price to lower taxes such as transfer taxes.

[Certified Brokers: 300 million difference or 5% difference from the current trading price, either of which is considered 'donation'.]

Even without borrowing a loan, he borrowed 500 million won from his parents and bought an apartment worth more than 1.5 billion won, but he still did not pay back the principal and interest.

[Joint investigator acquaintance: I had to pay my parents the principal and interest, but I paid it back for a few months. I also received and used my (parents) card and bankbook, but I used it somewhere other than my parents' seniority.

In order to avoid heavy taxation on multi-family homes, people also bought a house in another person's name and sold it when the house price went up.

More than half of alleged tax evasions were suspected by the government after surveying over 1,300 suspected housing transactions reported between August and October last year.

There were 94 cases of suspicion of non-compliance with the loan regulations, such as buying expensive homes through corporate loans or private business loans.

[Kim, Young-Han / Land Policy Officer, Ministry of Land, Infrastructure and Transport: We will carry out detailed tax verification at the National Tax Service with separate taxation data on whether the transaction is authentic.]

The high-intensity survey on the funding plan will be extended to speculative districts outside Seoul, including Gwacheon and Seongnam, from March 21, and to expensive homes nationwide from March.

(Video coverage: Jang Un-seok, Video editing: Kim Jong-tae, VJ: Han Seung-min)