<Anchor> The
Democratic Party has announced an amendment to its real estate policy. 1 The proposal to relieve the burden of property tax on homeowners was passed at the General Assembly yesterday (27th), and it seems that 440,000 households will be able to receive a tax reduction of 180,000 won. However, it was not possible to come to a conclusion on the plan to ease the taxation tax and transfer tax, which are divided within the party.
Reporter Han Se-hyun will give you the details of the specific amendment.
<Reporter> The
Democratic Party's Special Commission on Real Estate issued an amendment within a month after its inception.
First, the capital gains tax was decided to reduce the tax burden by raising the tax-free housing price for one household and one homeowner from the current 900 million to 1.2 billion won.
The tax-free standard has been tied for 13 years since it was adjusted from 600 million to 900 million in 2008.
[Kim Jin-pyo/Chairman of the Democratic Party's Special Real Estate Commission: Due to the rapid increase in publicly announced prices, the burden of transfer tax for one household and one homeowner increases, making it difficult to acquire alternative housing, resulting in various problems such as tax friction and housing insecurity... . ]
A plan has been proposed to impose comprehensive real estate tax only on the'top 2% of the published price'.
At the current level of housing prices, taxes are levied only on houses with a public price of 1.2 billion won or more, so the subject of imposition is expected to be reduced.
[Liu Dong-su/Democratic Real Estate Special Commissioner: (As it is) If people who are one-family or one-house are subject to taxation, the amount of tax levied will increase by 44% compared to last year.]
In the case of property tax, where there was no big disagreement, as known, a reduction tax rate of 0.05% p is applied for the range of 600 million to 900 million, and the mortgage loan ratio LTV expands the range of preferential treatment for end users from 10% p to 20% p.
In the case of rental business benefits, which are criticized for creating a'locked-out' phenomenon, new registrations have been stopped to reduce the benefits, but the rental business must sell the house within 6 months after the mandatory rental period ends so that they can receive the benefits during transfer tax and exemption. This is the policy.
The Democratic Party will confirm the revised bill at a high-level party-government consultation on the 30th, but for the controversial transfer tax and final tax in the party, the final bill will be decided next month through public hearings.