Exemption of property tax for high-priced houses and multi-households… Wealth benefits controversy

<Anchor>

Let's see how the real estate tax changes.

The government has decided to revise the comprehensive real estate tax and lower the tax that was heavily levied on people with multiple houses.

The government explained that it was to put the tax, which had increased rapidly in a short period of time, back to its original place, but there is also a controversy over whether the amount is quite large and reduces the tax even more for the wealthy.

Let's take a look at reporter Han Sang-woo's report first and ask more questions.

<Reporter> The

government diagnosed the comprehensive real estate tax as a punitive tax with no effect on stabilizing house prices in a short period of time.

[Cho Kyung-ho / Deputy Prime Minister of Economy: There was no effect of actually stabilizing the market, and it was operated really abnormally.

I think so.]

Currently, one homeowner pays the property tax starting with a house with an announced price of 1.1 billion won and a market price of 1.57 billion won.

In particular, this year, the announced price will be raised to KRW 1.4 billion and applied.

Enlarging an image

It was also decided to lift regulations on the middle of multi-family dwellings.

Taxes are levied on the sum of the total house price on any number of houses, and the top tax rate is also reduced from 6% to 2.7%.

[Woo Byung-tak / Shinhan Bank WM Consulting Center Real Estate Team Leader: Although the amount is less than the case of owning a more expensive house as a single house, there were many cases of paying much more tax when owning several houses in the countryside. It can be seen that the portion has been relaxed.]

The current market price of 2 billion won, Mapo Raemian Prugio, Seoul, with an exclusive area of ​​84 square meters, will reduce the property tax by 900,000 won from 2.6 million won to 1.7 million won next year.

Multi-family homeowners have a much larger tax cut.

If you have three apartments in Gangnam, Seoul, and the market price is 10 billion won, the tax on property taxes will be reduced by 300 million won.

Even single homeowners receive more benefits as the house price increases, and more than half of the property tax is paid for an apartment with an official price of 2 billion won.

The tax revenue that will be reduced due to the tax reform is 1.7 trillion won, which is bigger than the income tax cut for employees.

(Video coverage: Hwang In-seok, Video editing: Lee Seung-hee)

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<Anchor>

Here is reporter Han Sang-woo, who just gave me the report.

[Reporter Han Sang-woo: As reporter Jo Ki-ho explained earlier, the amount of tax reduced by correcting the income tax section is about 1.6 trillion won.

It is about 100 billion won less than the 1.7 trillion won that is exempted from the property tax.]

[Reporter Han Sang-woo: In the case of corporate tax, the top tax rate is lowered from 25% to 22%, by 3%.

This year, the total tax revenue will be reduced by 13 trillion won, of which the corporate tax will be reduced by 6.8 trillion won.

Relatively now, the portion of the tax cut for low-income earners, such as workers, is about 2.2 trillion won.

Because of this, the corporate tax has been reduced more than the workers' tax, which is already being pointed out.]

[Reporter Han Sang-woo: In the case of corporate tax, the OECD average is 22.5%, so we have adjusted it accordingly, and inducing investment in companies as much as the corporate tax reduction can save the economy.]

[Reporter Han Sang-woo: As I explained earlier, in the case of a person who owns three houses in Gangnam, the tax is reduced by 300 million won, so it is true that the amount stands out.

However, in the case of multi-family dwellers, they are claiming that the property tax itself was an abnormal punishment system from the time it was introduced.

The current government also agrees with this argument to some extent.

That's why the amount has been reduced to some extent, so don't focus on this, and see it as normalization of the abnormal.

Also, in the real estate market, multi-homeowners will already have their houses without selling them.

This kind of background explanation is coming out.]

[Reporter Han Sang-woo: The increase in corporate tax was also raised by the previous administration, and the heavy duty tax was also made by the previous administration.

Therefore, the reform plan should be discussed at the regular National Assembly this September, but the opposition is already criticizing the tax cuts for the rich, and the country's economy is difficult, so there is a lot of money going out. considerable difficulties are expected.]

(Video editing: Park Chun-bae)

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