“Can you pull out the property?” A proposal to ease the transfer tax for multi-homed people (general)

A plan to ease the punitive level of capital gains tax on multi-homed people is being discussed inside the party.

Last year, in a situation where both acquisitions and transactions were tightly tied up as a measure of real estate, the intention is to open a certain portion of the transaction and lead the sale of multi-homed people to the market.

However, it is a stage to ponder the direction because it can be interpreted as a regression of the existing real estate policy and the issue of the effectiveness of whether this plan can actually bring the property to the market.

According to the Democratic Party and government authorities on the 10th, plans to ease the policy on the transfer tax for multi-homed people in the area subject to adjustment from June this year are being carefully reviewed inside the party.

If the direction is determined, the possibility of an announcement along with the real estate supply measures being devised by the new Minister of Land, Infrastructure and Transport by Byeon Chang-heum will flow. This is a scenario where the real estate tax system is modified and supplemented in advance of the inauguration of Minister Byeon.

In addition, a key official of the Democratic Party said, “We are comprehensively reviewing various situations such as transaction tax, starting with the real estate countermeasures that Minister Byeon will provide,” he said, “but the opinions within the party have not yet been gathered in a certain direction.”

Another Democratic Party official also explained that “the party leadership is struggling with issues such as the transfer tax (for multi-homed people),” and “a part that many people talk about.”

A government official said, “I know that there are various opinions within the ruling party, such as easing the transfer tax for multi-homeowners to some extent.” “I plan to look inside to see if it can come out.”

The plan to alleviate the heavy burden of the transfer tax on multi-homed people is partially linked with the real estate measures of’Byeon Chang-Humpyo’, which focuses on supply.

If Minister Byeon is a plan to increase the supply of new housing in downtown Seoul, the easing and easing of the transfer tax on multi-homed people can be a second supply measure to bring homes owned by multi-homed people to the market through the’sunshine policy’.

In this situation, Deputy Prime Minister Hong Nam-ki and Minister of Strategy and Finance also left a remark that could be interpreted from various angles.

Deputy Prime Minister Hong appeared in the KBS Sunday Diagnosis’Era of Disasters, Asking the Way for the Korean Economy’ and received criticism about the effectiveness of additional housing supply in the future, and said, “There is a part where we can expect psychological stability as a notice for housing supply. It is also an important supply policy to let people who currently have three or four sell their products.”

He explained, “The policy decision to supply new homes and policies to induce multi-homed people to offer existing homes can be taken as supply measures, and last year’s measures were also announced as a supply expansion policy in line with these two.” did.

As there weren’t many products that actually came out despite the three-dimensional pressure on multi-homed people last year, it is analyzed that there is a possibility to change the policy to appeasement measures such as during the transfer tax and easing.

Last year, through the July 10 real estate countermeasures, the government raised the acquisition tax, comprehensive real estate tax, and transfer tax at the same time. The intention was to pull out the property by maximizing the pressure on the suspects of real estate speculation, such as multi-household and short-term housing transactions, but it was far from the Moon Jae-in government’s policy to strengthen the possession tax but lower the transaction tax in the long term.

When multi-homeowners transfer their homes in the area subject to adjustment, the heavy tax rate that is applied is increased by 10% points.2 For homeowners, 20 percent points and 30 percent points for homeowners. As the tax rate for housing owners has increased from 0.6-3.2% to 1.2-6.0%, multi-homeowners choose to donate to their children rather than put their products on the market.

In this situation, the middle and easing of the transfer tax can be a way to open a retreat for them. The design is technically possible, such as delaying the timing of the transfer tax scheduled for June 1, or excluding people who meet certain conditions from the middle section.

An official from a national research institute said, “The issue of increasing sales in the market by easing the burden of the transfer tax is a matter of political and policy judgment,” and said, “It is possible to change any amount, but the problem becomes a return before the actual policy begins. It won’t be easy to design,” he analyzed.

In this regard, it is reported that there is considerable hardline opinion that the ruling party should adhere to the existing measures. There are many opinions that it is premature to decide whether to moderate or not, as there was the logic and justification for promoting the existing measures.

An official from the ruling party said, “There is no guarantee that the sale will be released on the market due to the easing of the transfer tax, and once the existing countermeasures are changed, it could be a signal that’it’s going to collapse. It’s a difficult problem because it can be talked about.”

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