Property tax easing'less than 600 million', large shareholder requirement remains current

<Anchor> The

property tax reduction housing standard, which the ruling party, the government, and the Blue House disagreeed with, was set to be less than 600 million won in the publicly announced site.

While the Democratic Party's demand for 900 million won has been lowered, the government's proposal to lower the requirement for large shareholders to impose stock capital gains tax to 300 million won is expected to be postponed.

This is Jeon Byeong-nam reporter.

<Reporter> The

Democratic Party, the government, and the Blue House have tentatively decided on the criteria for property tax cuts to be one house with a publicly announced site of 600 million won or less.

Accordingly, it is expected that the property tax rate of one-owner who has a house with a publicly announced land of less than 600 million won will be reduced by 0.05 percentage points.

Previously, the Democratic Party tried to expand the target standard for the cut to 900 million won, but it was unable to achieve this due to opposition from the Blue House and some local government heads.

Instead, the government's proposal to lower the stock capital gains tax requirement from the current 1 billion won to 300 million won will be postponed.

The government accepted the opinion of the ruling party in a situation where the ruling party raised a mediation theory due to the so-called'Donghak ant', a backlash from individual investors ahead of the implementation next year.

Democratic Party Representative Lee Nak-yeon explained, "We have set a big frame for the property tax for one house and the requirements for large shareholders," and said, "Because long-lasting uncertainty is not good, it will not take much time to announce.

Accordingly, it is expected that the announcement of the property tax cut criteria will be made as early as today (3rd) or tomorrow, and the announcement on the requirements of major shareholders will be made as soon as possible after the US presidential election.

However, the possibility that the timing and contents of the announcement will vary depending on the results of the US presidential election cannot be excluded at this time.

It is known that the exact width of the tax rate cut is being fine-tuned in relation to the discussion on the subject of property tax cuts, and it remains to be seen how the final conclusion will come out.