Real estate briefing with only warning… “Tax strengthening, lending blocked, tracking to the end”

Input 2021.01.18 17:53 | Revision 2021.01.18 18:54

“Strengthening detailed bills for all stages of acquisition, possession, and disposal” (Jae-Hyun Lim, Head of Taxation Office, Ministry of Strategy and Finance)
“Completed the 3rd new city district designation, more than 3 years faster than before” (Kim Heung-jin, head of the Ministry of Land, Infrastructure and Transport, Housing and Land Office)
“Sanctions on 1082 loan violations, inspection of the implementation of agreements on housing disposal conditions” (Dong-seon Kim, Assistant Director, Financial Supervisory Service)
“Last year’s housing supply in Seoul exceeded the number of occupants in the last 3 years” (Seong-bo Kim, Head of the Seoul Housing and Architecture Division)
“Blocking anomalous tax evasion in real estate transactions, an additional KRW 125.2 billion” (Tae-ho Kim, Director of Asset Taxation, National Tax Service)
“1782 people prosecuted, account traced, seized, searched, etc., traced to the end”

The government held a joint briefing on the real estate policy on the 18th, but there are evaluations that the details such as specific measures were missing. Additional measures to supply housing in the city center that the Minister of Land, Infrastructure and Transport Byeon Chang-heum had originally anticipated were not disclosed. The presenters poured out virtually warning responses, saying, “I will do OOO” without specific answers to reporters’ questions.



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. From left, Assistant Director Kim Dong-seon of the Financial Supervisory Service, Kim Tae-ho, Head of Asset Taxation Bureau at National Tax Service, Kim Heung-jin, Head of Housing and Land Office, Ministry of Land, Infrastructure and Transport, Jae-Hyun Lim Head of Tax Division, Ministry of Strategy and Finance, Seong-Bo Kim Head of Housing and Architecture Division of Seoul City, Seung-Ryeol Choi, Head of Investigation Bureau at National Police Agency. /yunhap news

On this afternoon, the government held a joint briefing on the real estate market at the Government Complex Sejong and announced the current status of real estate policy promotion and future plans. On the briefing, related ministries such as the Ministry of Land, Infrastructure and Transport, the Seoul Metropolitan Government, the Ministry of Strategy and Finance, the National Tax Service, the Financial Supervisory Service, and the National Police Agency were dispatched. It is interpreted as the government’s will to capture speculative forces in the entire process of real estate transactions, such as’supply → loan → trading → taxation → arrest.’

The first explanation was the Ministry of Land, Infrastructure and Transport and the Seoul Metropolitan Government. The Ministry of Land, Infrastructure, and Transport emphasized that the process is progressing more than three years faster than the previous Bogeumjari project, such as starting land compensation at the end of last year, in relation to the third new town projects such as Hanam Gyosan and Incheon Gyeyang. In particular, he explained that the eight public redevelopment candidates announced on the 14th were “around the station area where the project has been stagnant for more than 10 years,” and that the project that had been sluggish was promoted quickly through policy.

The city of Seoul reiterated that this year’s housing supply volume is 83,000 units, exceeding the annual average of 75,000 units occupied for the past three years. It is also said that public rental housing has doubled from 170,000 units in 2011 to 350,000 units at the end of last year by steadily increasing the supply of public rental housing.

It is also evaluated that the government’s perception and will of’multi-homed people are prospective criminals’. In an announcement that day, the National Police Agency said, “I urge the people not to fall into the temptation to speculate on real estate, but to actively report and report illegal activities.” The National Tax Service also emphasized that “in the future, we will always analyze allegations of lack of funding sources such as high-priced housing acquirers, high-priced jeon tenants, and multi-home acquirers using the tax evasion suspicion data and internal taxation information.”

Some analysts say that the briefing was to give a signal that the government’s policy of intensive transfer tax for multi-homed people was unchanged. The briefing told reporters on the 15th, “As a presenter, 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, the Seoul Metropolitan Government, etc. attended the briefing. Was announced.

Accordingly, it was expected that new real estate measures, including measures to supply Byeon Chang-Humpyo and measures to ease the transfer tax to put the quantity of multi-homeowners on the market. However, there was no mention in the government’s 25th real estate plan. Lim Jae-hyun, head of the taxation department of the Ministry of Technology, who spoke at the briefing on the day, said, “We will strictly implement the policy package, including strengthening the tax system, and carefully review the related tax system.” In fact, it drew a line on the theory of easing the transfer tax. From June 1 of this year, the Ministry of Science and Technology plans to strengthen the capital gains tax on multi-homed people, short-term holders of less than two years, and the right to acquire real estate.

Earlier on the 10th, Deputy Prime Minister Hong appeared on the live broadcast of KBS 1TV’Current Diagnosis Live’ on the 10th and said, “It is an important supply policy to let people who currently have three or four sell their property.” “We can come up with all the supply measures.” In addition, as some members of the Democratic Party also agreed to ease the transfer tax, the possibility of easing the transfer tax from Deputy Prime Minister Hong was strengthened.

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