[사례] Mr. A, a rental housing business owner who owns 26 rental housing units nationwide, owns 19 houses whose official housing prices exceed 600 million won as of 2020. As of the lease start date (’16~’18), the listed housing price was less than 400 million to 600 million won (total of 9.2 billion won), but in 2020, the listed housing price was 600 to 900 million won, with a total amount of 14.8 billion won. As a result, the total rose by 60.8% compared to the rental start date. Therefore, Mr. A is required to pay a comprehensive real estate tax (variety tax) of 267 million won, but can be exempted from this in full. The current taxation tax law does not increase the tax burden at all because the official housing price of the rental business start date or the first year of application for combined allocation is set as the taxation standard. In 2020, Mr. A can also receive a 50% to 75% reduction in property tax, depending on the exclusive area of the house he owns, to be exempted from 36 million won.
In order to solve this problem, Gyeonggi-do suggested to the government that the base price for rental housing, which is excluded from the summation of taxation tax, should be improved to the published housing price on the tax base date (June 1) every year. It is said that the preferential tax treatment for housing rental business owners contributes to the promotion of unearned income and unfair taxation.
On the 6th, Gyeonggi Province announced on the 6th that it delivered a proposal to improve the combined exclusion of taxation for housing rental business owners to the Ministry of Strategy and Finance.
In this regard, Gyeonggi Province Governor Lee Jae-myeong pointed out that “Most of the 1.6 million registered rental houses are receiving the privilege of exemption from taxation tax. The government has provided benefits such as excluding the addition of taxation tax to non-residential speculation houses according to the plan to promote rental housing registration. .
Even if the public housing price rises every year, multi-house rental businesses are exempt from tax.
Gyeonggi Province’s plan to improve the taxation tax is to revise the enforcement ordinance of the taxation tax law so that the base price of rental housing is changed to the officially announced housing price on the tax base date (6.1) every year in order to strengthen the requirements for exemption from the taxation for housing rental businesses.
In the case of a house, the current taxation tax law requires that the sum of the published price of the house owned as of the annual property tax tax base date (6.1) exceeds a certain amount (600 million won or 900 million won). However, the rental business entity does not have to pay the lump sum tax even if it owns several rental houses with the published housing price exceeding 600 million won as of the tax base date.
This is in accordance with the current taxation tax law, and rental housing is stipulated on the basis of the published housing price on the date when the lease is started or the year when the application for total exclusion is first filed. Therefore, in the case of rental housing businesses, even if the official price of the rental housing exceeds 600 million won, the tax is fully exempted.
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| ▲ As the general real estate tax was announced this year, complaints from those who received the bill are increasing. On the other hand, there are also voices saying that it is natural to pay the jong tax, considering that the property value of high-priced homeowners has risen by hundreds of millions of won due to the recent surge in house prices. The photo shows an apartment in Songpa area, Seoul on the 25th. | |
| Ⓒ Yonhap News |
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For example, in the case of Mr. B, who owns 23 rental housing units nationwide, he owns 5 houses whose official housing prices exceed 600 million won as of 2020. However, according to the current system, the official price of five houses as of 2005-2015 from the start date of lease was less than 300 million to 500 million won (a total of 1.9 billion won), but in 2020, the publicly announced housing price was 600 to 900 million won. It was 3.7 billion won, up 94.7% on average compared to the rental start date. However, according to the current system, a total of 40 million won (estimated amount) can be exempted from the final tax.
Gyeonggi-do explained, “The government has recently reinforced the requirements for rental housing and reduced tax incentives, but if system improvement is not supported, existing housing rental companies will not continue to pay lump sum tax.”
Considering the fact that the public housing price rises every year with the government’s realization of the real estate listed price and the increase in the actual transaction price, the number of people subject to the taxation tax is also increasing. This means that the excessive benefits for the housing rental business do not meet the purpose of the taxation.
Accordingly, Gyeonggi Province suggested to the government that the enforcement ordinance of the Sejong Tax Act should be amended to change the exemption criteria for housing rental business operators to the published price as of the tax base date, and to impose jong tax on houses exceeding a certain amount (600 million won).
Gyeonggi-do expected that the revision of the Enforcement Decree of the General Tax Act would help to balance the tax burden between rental business owners and general taxpayers, and that it would help to develop local finances.
Earlier, Governor Lee Jae-myung said through a social network service (SNS) on the 3rd of last month, “The tax payer in Korea is 1.3% of the population, and 64.9% of the total amount paid is less than 1 million won.” It is applicable to multi-households with two or more houses, and efforts and achievements to lower the tax burden for one-housed residents are clearly showing.”
Governor Lee Jae-myeong continued, “I’ll tell you more than once, the only solution to market stabilization is to avoid making money from real estate,” he said. “One real house should be reduced or protected, and multi-houses that take excessive profits from speculation should be taxed strongly.”