The'Real Estate Act 3'to implement the July 10 Real Estate Measures passed the National Assembly.

The National Assembly held a plenary session on the afternoon of today (4th) to deal with amendments to the Income Tax Law, Corporate Tax Law, and the Comprehensive Real Estate Tax Law.

Today's vote was led by the Democratic Party, and the Future United Party attended the plenary session, but did not participate in the votes on the Real Estate Act and other issues.

The amendment to the Income Tax Law increased the middle tax rate on the transfer tax on short-term homes with less than two years, and housing within the area subject to adjustment by multi-homeowners, and also included the number of homes on the transfer and middle-selling tax for multi-homeowners.

The amendment to the Corporate Tax Law increased the additional tax rate for corporate taxes from 10% to 20%, in addition to the basic tax rate of housing transfer tax held by corporations.

The amendment to the Customs Tax Law increased the tax rate from the current 0.6-3.2% to 1.2-6.0% for each owner of three or more homes or two homes in a reconciled area.

(Photo = Yonhap News)