The government today (10th) announces'Reinforcement Measures to Stabilize the Housing Market', which includes strengthening real estate tax on short-term transactions with multi-homeowners and reorganizing the rental rental business system.
Hong Nam-ki, Deputy Prime Minister and Minister of Strategy and Finance, said at the 10th Emergency Economic Central Countermeasures Headquarters (Economy and Greater Capital) meeting held at the Seoul Government Building today. I'll make a presentation."
First of all, the government decided to raise the middle tax rate for multi-homeowners upwards, and to increase the tax rate on transfer taxes by providing exits for short-term holders and multi-homeowners in regulated areas.
In addition, we decided to reorganize the rental business system for rental apartment registration.
Deputy Prime Minister Hong said, "In addition to the fundamental reform of the rental business system, it includes strengthening the inspection of registered rental business operators' obligations."
In addition, efforts are being made to expand the housing supply for real users.
"In addition to the already announced housing supply plan in the Seoul metropolitan area, we will quickly prepare a plan to expand the basic housing supply," said Hong.
Rather than strengthening regulations on multi-homeowners, measures are also taken to reduce the burden on the purchase of homes by ordinary people and real consumers.
Measures will include strengthening housing purchase support for the first time in life, easing income requirements for ordinary and real-world consumers, and bolstering rent-to-rent loans for young people,” said Hong.
(Photo = Yonhap News)
[Breaking News] Hong Nam-gi, “Short-term holding, multi-homeowner's transfer tax increase
2020-07-10T01:11:54.405Z
The government today announces'Reinforcement of Housing Market Stabilization Measures', which includes strengthening real estate tax on short-term transactions with multi-homeowners and reorganizing the rental rental system. Hong Nam-ki, Deputy Prime Minister and Minister of Strategy and Finance, said at the 10th Emergency Economic Central Countermeasures Headquarters meeting held at the Seoul Government Building today, "I will discuss the measures to supplement the housing market stability today, and immediately announce it to the public through a joint briefing of related ministries." Revealed.
Source: sbskr