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S. Korea to ease taxes on home sales from Wednesday Updated: 2021-12-07 13:45:25 KST

Starting tomorrow, South Korea will get rid of capital gains tax on the sale of homes worth up to 1.2 billion won, or around a million U.S. dollars for those who own just one home.
The change is taking effect around 20 days sooner than originally planned to provide the tax benefits as quickly as possible and reduce confusion in the market.
Until now, capital gains taxes had kicked in when homes sold for more than about 760-thousand dollars or 900 million won.
To get the benefit, the seller has to have lived in the home for at least two years.
KOGL : Korea Open Government License
본 저작물 중 본문에 해당하는 뉴스 스크립트(텍스트)는 공공누리 제1유형-출처표시 조건에 따라 이용할 수 있습니다.