The government and the ruling party are considering ways to further increase the overall real estate tax burden on speculative multi-homeowners.

It is on the verge of declining the demand for speculative multi-households more strongly, either by lowering the base line of the final tax rate or by reducing the basic deduction.

Cards that increase the capital gains tax burden on short-term (1-2 year) home sales are also being taken seriously.

According to the government and the ruling party, measures to introduce stronger taxes, such as increasing the burden on the final tax of speculative homeowners and other homeowners, are being discussed among related ministries.

First, the government announced a plan to strengthen the final tax rate, which was announced during the '12/16 countermeasures' last year but has not been completed by the National Assembly in July.

This plan also strengthens the final tax on homeowners.

The current closing tax rate of 0.5 to 3.2% is raised to 0.6 to 4.0%.

The upper limit of the tax burden for the 2nd homeowner in the adjusted area is raised from 200% to 300%.

In response to President Moon Jae-in's instructions for'preceding the final tax law,' he changed the policy that the regular parliament had originally tried to handle, and decided to expedite the law in July.

Even if the bill is advanced, the application period will be the same as from the '2021 levy', but it is intended to show the market's willingness to make policy.

The government also plans to promote the amendment of the Income Tax Law, which includes measures to strengthen the capital gains tax announced in the December 16 measures, at the National Assembly in July.

The plan to strengthen the transfer tax has been applied since 2021 since the transfer (transaction).

This includes the requirement for the period of residence when a first-generation first-owner who has sold a house with a real transaction price exceeding 900 million won from 2021 onwards after 2021 receives a special long-term deduction. It contains content to strengthen the transfer tax if it is not a real person such as an increase in %.

Also included was a way to include the pre-sale right in the number of homes during the transfer of multi-homeowners in the reconciled area.