From June, as scheduled to strengthen the tax and transfer tax. Loan concentration inspection

The government’s real estate-related ministries held a joint briefing session on the 18th and emphasized that the government will strictly enforce the policy to strengthen the taxation for multi-homeowners prepared to stabilize the real estate market. View of Seoul apartment. /yunhap news

It emphasized that the government will strictly enforce the policy to strengthen the taxation for multi-homeowners prepared to stabilize the real estate market. The plan is to implement comprehensive real estate tax and capital gains tax strengthening policies from June this year.

The government ministries made such a statement at the’Real Estate Policy Promotion Status and Future Plans Joint Presentation’ held at the Government Complex Sejong on the 18th. In order to block the demand for speculative housing, it contains a content that significantly increases the real estate tax burden on multi-households and corporations. It made it clear that it would not implement a tax burden relief policy to induce multi-homed sales. The Ministry of Strategy and Finance, the Ministry of Land, Infrastructure and Transport, the Financial Services Commission, the National Tax Service, and the National Police Agency participated in the briefing today.

Significant increase in tax and transfer tax from June

First of all, this year’s highest comprehensive real estate tax rate will increase from 3.2% to 6%. Prior to the revision of the law, the housing acquisition tax for individuals was 1~3% for △3 homes or less and △4% for 4 homes. However, from the acquisition on August 12 of last year, a tax rate of 1-3% is applied only to one homeowner and two homeowners outside the adjusted area.

However, the tax rate for one homeowner and two homeowners in unadjusted areas is relatively low, from 0.5 to 2.7% to 0.6 to 3.0%. In the case of 3 housing owners or 2 housing owners in a controlled area, the tax rate for houses exceeding the tax base of 9.4 billion won increases from 3.2% to 6.0%. The tax base is raised from 1.8% to 3.6% for houses of 1.2 billion to 5 billion won, and from 1.3% to 2.2% for homes of 6 to 1.2 billion won.

In the case of two-household housing in a controlled area, the acquisition tax rose to 8%. In addition, 8% is applied to the case of three houses, but the acquisition tax has risen to 12% if they own a house in the adjusted area. 4 A 12% tax rate is applied to homeowners.

The transfer tax at the disposal stage is also greatly strengthened. In order to block speculation demand as well as multi-homed people, the tax rate is also raised for short-term holders of less than two years. Earlier, the additional corporate tax rate on the transfer of housing by corporations increased from 10% to 20% from January this year.

For example, the two-household owner A, who plans to sell two houses in an area subject to adjustment, is expected to increase the capital gains tax burden by more than 100 million won from June this year. Initially, Mr. A bought these houses for 1.5 billion won, but the market price is expected to rise to 2.5 billion won, resulting in a profit of 1 billion won due to the recent jump in real estate prices. In this case, the tax burden was 531 million won in the past, but from June 1, the tax burden is increased by 110 million won to 644 million won.

For multi-homeowners in the adjusted area, the median taxation rate of capital gains tax is increased from 10-20% points to 20-30% points. The transfer tax rate also rises to 60-70% for houses held for less than two years, occupancy rights and sales rights. In detail, the transfer tax rate is raised to 70% if a house, occupancy or sale right is sold within a year or less. The tax rate also rises to 60% if you buy and sell housing or occupancy rights within two years. In the case of pre-sale rights, a 60% tax rate is applied even if it is held for more than 2 years.

In addition, the financial authorities continue to monitor the status of compliance with loan regulations to prevent disruptions in the housing market through expedient loans. In particular, from this year onwards, as the contract fulfillment date for the existing conditional housing disposition and conditional transfer loans is coming in earnest, we decided to intensively check whether the contracts were fulfilled. In addition, the National Tax Service continues to block tax evasion related to real estate transactions. The plan is to constantly analyze the allegations of lack of funding sources such as high-priced home acquirers, high-cost jeon tenants, and multi-home acquirers, and actively discover new types of tax evasion.
The police intensively crack down on illegal activities in the apartment sales market. It is a policy of pursuing and punishing habitual actors such as brokers until the end, and confiscation and collection of criminal proceeds through thorough tracking.

“The best way is to expand housing supply”

In order to stabilize the real estate market, the government also emphasized that it will smoothly implement measures to expand supply such as public redevelopment, revitalization of housing supply in the station area, and promotion of pre-generation measures. Until now, the government has implemented regulatory-oriented real estate policies under the principle of eradicating speculative demand and protecting end users, but admitted that the market has not stabilized. Therefore, it expressed a willingness to focus on supply expansion-oriented measures in the future.

To this end, the company plans to focus on new housing sites such as the 3rd new town and expand public redevelopment projects. The Ministry of Land, Infrastructure, and Transport has completed the designation of five districts, including Namyangju Wangsuk, Hanamgyosan, Incheon Gyeyang, Goyang Changneung, and Bucheon Daejang, in connection with the creation of the 3rd new city. Said there is. Hanam Gyosan and Incheon Gyeyang explained that the process is progressing more than three years faster than the previous Bogeumjari project, such as commencing land compensation at the end of last year.

All measures to improve metropolitan transportation in these areas have also been confirmed. The Ministry of Land, Infrastructure and Transport plans to promptly complete follow-up procedures such as a preliminary feasibility study for public institutions so that the third new city transport project can be completed in a timely manner.

Officials from the Ministry of Strategy and Finance, the Ministry of Land, Infrastructure and Transport, the Financial Services Commission, the National Tax Service, the National Police Agency, the Financial Supervisory Service, and the Seoul Metropolitan Government are explaining the real estate policy progress and future plans at a joint briefing on the real estate market held at the Sejong City Government Complex on the afternoon of the 18th. /yunhap news

The new housing site of 48,000 households, announced by the government through the residential welfare roadmap, has completed the district plan establishment and is undertaking construction in turn. Accordingly, 6300 households in the Guri-galmae Station area, etc. will begin the subscription schedule this year. New residential areas in the city center, such as the Yongsan Maintenance Window in Seoul, Taereung CC, and Gwacheon Office, announced through the 5·6 and 8·4 measures last year are under development. The Ministry of Land, Infrastructure and Transport is conducting consultations with related agencies and local governments to improve the convenience of local residents.

From July this year, pre-subscription for the 3rd new town will also begin. Starting with Gyeyang in Incheon, Namyangju, Seongnam, Uiwang, etc. will proceed in order to supply 30,000 households in the second half and 33,000 households next year. The government’s basic policy is to discover new housing sites so that new housing sites can be supplied in a timely manner and additional housing can be supplied at any time.

As a plan for the government to expand supply in the city center, the public redevelopment project mentioned in the 5-6 measures last week selected eight candidate sites for pilot projects. For the existing maintenance areas, Heukseok 2 in Dongjak-gu, 13-14 Yangpyeong in Yeongdeungpo-gu, 1-6 Yongdu 1-6 in Dongdaemun-gu, Shinseol 1, Bongcheon 13 in Gwanak-gu, 2-12 Sinmun-ro 2-12, Jongno-gu, Gangbuk-gu, Gangbuk-gu, etc. I plan to do it. For new areas other than existing maintenance areas, candidate sites will be announced at the end of March.

The public reconstruction project mentioned in the 8·4 measure by the government is in communication with the pre-consulting response complex to finalize the candidate site. Secondary consulting for recruitment of additional complexes is also planned.

Follow-up measures will be followed according to the’Residential Stability Plan for the Low and Middle Class’ announced on November 19 last year. Earlier, 19,000 households out of public rental vacancy were supplied to the existing targets on a charter basis. For 20,000 households, the income and asset standards will be greatly eased and supplied in a chartered form. For 14,000 households supplied by Korea Land and Housing Corporation (LH) for three days from this day, applications for recruitment of integrated tenants nationwide are accepted. This recruitment amount can be moved in from February and can live for up to 6 years at a price of 80% or less compared to the market price.

The city of Seoul is planning to supply 83,000 households, including 24,000 households for public lease this year. The policy is to promote public maintenance projects such as public redevelopment, revitalization of housing supply in the station area, and pre-generation measures without any problems. Public small-scale reconstruction, a so-called’mini-reconstruction’ for small complexes of less than 200 households, is newly introduced. When the law is revised, the pilot project will begin in earnest from the second half of the year. Through this, the current 5800 homes will be expanded to 10,000 by 2023.

On this day, the government said, “The best way to effectively respond to the unrest in the housing market and alleviate the difficulties of homeless homes for the homeless is to expand the housing supply.”

Earlier, President Moon Jae-in also stressed at a New Year’s press conference that morning that “we will alleviate anxiety about the supply shortage at once by supplying supplies far exceeding the level expected by the market through measures to expand housing supply.”

Reporter Ahn Hye-won [email protected]