Government, “1.3% of all citizens subject to tax for owning expensive homes” l KBS WORLD Radio



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government, "1.3% of all citizens subject to taxation"

Photo: YONHAP News

The ministry of strategy and finance said that among people who are eligible to pay the global property tax (variety tax) this year, 1.3% of all citizens are informed that they have expensive housing.

On June 26, the Ministry of Strategy and Finance released “ explanatory material for the press ” and explained that out of 744,000 people subject to tax notification this year, including housing and land, 667,000 people were informed of expensive housing, equivalent to 1.3% of the total population. I did it.

The notice amount for them is KRW 1,814.8 trillion.

In addition, the government explained that among those subject to the taxation for expensive housing, 376,000 multi-homed people with two or more houses were counted to pay 1,496 trillion won, 82% of the total amount of tax.

The government explained that this year’s increase in the total housing tax target and the tax amount was due to a rise in house prices, an increase in the published price, which is the basis for taxation for homes with a market price of 900 million won or more, and a decrease in the discount rate due to a higher fair market value ratio. I did.

The government has said that long-term holdings or seniors can receive tax credits of up to 70%.



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