The government announced that it would reduce the tax disadvantage to the level of the existing general maintenance business in order to speed up the 2/4 supply countermeasure project by securing the consent of the residents.
Hong Nam-ki, Deputy Prime Minister of Economy, said at a meeting of ministers responsible for inspecting the real estate market today (17th), "Many projects of the February 4 measures are carried out in the form of 'public purchase' in which the public accepts housing during the implementation process, unlike ordinary general maintenance projects." "We will address the tax disadvantages of landowners and project operators that may arise in this process," he said.
To this end, in the case of landowners participating in public direct implementation projects and urban complex projects, when acquiring a completed house after paying land to the public, the acquisition tax is reduced and exempted to the level of the current general maintenance project. We plan to waive property tax.
Land owners participating in the project to revitalize small-scale home improvement projects of less than 10,000 square meters are exempt from capital gains tax for one house per household for one occupancy right for one household, and corporate tax and value-added tax on the income of the maintenance association generated during the sale. I decided not to tax it.
(Photo = Yonhap News)